Finance › Speeches › David Malpass

Opening Remarks by World Bank Group President David Malpass during the Launch of the International Debt Report 2022

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

Summary written by Dark Majestic in its own words · topics: public finances and debt, technology, ai and cyber risk

DM
· David Malpass Wiki · World Bank Group WikiOpening Remarks by World Bank Group President David Malpass during the Launch of the International Debt Report 2022

ContextOpening Remarks by World Bank Group President David Malpass during the Launch of the International Debt Report 2022.

Why it mattersMalpass warns that poor countries' debt is deteriorating fast.

Problems raised
  1. Stagflation risks point to a global recession in 2023.
  2. Higher rates will reprice assets and strain debtors.
  3. The debt situation of poor countries is deteriorating fast.
Solutions proposed
  1. Make debt data more transparent.
  2. Reform restructuring to make it faster and more inclusive.
  3. Help countries return to debt sustainability.
Read full speech on worldbank.org ↗

More from David Malpass · World Bank Group · all speeches

More speeches by David Malpass

Other leaders on public finances and debt