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Remarks by World Bank Group President David Malpass at China’s 1+6 Roundtable with Premier Li Keqiang in Anhui– 2022

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

Summary written by Dark Majestic in its own words · topics: public finances and debt

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· David Malpass Wiki · World Bank Group WikiRemarks by World Bank Group President David Malpass at China’s 1+6 Roundtable with Premier Li Keqiang in Anhui– 2022

ContextRemarks by World Bank Group President David Malpass at China’s 1+6 Roundtable with Premier Li Keqiang in Anhui– 2022.

Why it mattersMalpass asks Beijing to remove non-disclosure clauses from its loans.

Problems raised
  1. Debt crisis intensifies in poor countries.
  2. China's loan contracts lack transparency.
  3. Hidden collateral complicates restructuring.
Solutions proposed
  1. Remove non-disclosure clauses.
  2. Improve transparency of loans.
  3. Accelerate debt restructuring.
Read full speech on worldbank.org ↗

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