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Opening Remarks by World Bank Group President David Malpass during the Launch of the January 2023 Global Economic Prospects Report

· David Malpass, President of the World Bank Group (International)

Summary written by Dark Majestic in its own words · topics: financial stability, climate, energy and nature, public finances and debt, development and emerging economies

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· David Malpass Wiki · World Bank Group WikiOpening Remarks by World Bank Group President David Malpass during the Launch of the January 2023 Global Economic Prospects Report

ContextOpening Remarks by World Bank Group President David Malpass during the Launch of the January 2023 Global Economic Prospects Report.

Why it mattersMalpass warns that global growth is weakening sharply.

Problems raised
  1. Global growth is weakening sharply.
  2. Debt distress is rising.
  3. Developing countries face slow growth.
Solutions proposed
  1. Achieve debt transparency and sustainability.
  2. Expand concessional resources.
  3. Improve investment climate and governance.
Read full speech on worldbank.org ↗

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