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Remarks by World Bank Group President David Malpass to the Development Committee – 2022 Spring Meetings

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

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

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· David Malpass Wiki · World Bank Group WikiRemarks by World Bank Group President David Malpass to the Development Committee – 2022 Spring Meetings

ContextRemarks by World Bank Group President David Malpass to the Development Committee – 2022 Spring Meetings.

Why it mattersMalpass proposes resolving private debt overhangs.

Problems raised
  1. COVID, inflation and debt distress hit developing countries.
  2. Climate and fragility add pressure.
  3. Private debt overhangs exist.
Solutions proposed
  1. Strengthen debt transparency institutions.
  2. Resolve private debt overhangs.
  3. Improve access to long-term finance.
Read full speech on worldbank.org ↗

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