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Remarks by World Bank Group President David Malpass at the COP27 Climate Finance Event

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

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

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· David Malpass Wiki · World Bank Group WikiRemarks by World Bank Group President David Malpass at the COP27 Climate Finance Event

ContextRemarks by World Bank Group President David Malpass at the COP27 Climate Finance Event.

Why it mattersMalpass warns that debt and food crises compete with climate needs.

Problems raised
  1. Developing countries face debt, inflation and climate crises.
  2. Food, energy and fertiliser are short.
  3. Climate finance is insufficient.
Solutions proposed
  1. Increase production sustainably.
  2. Finance global public goods.
  3. Push for concerted climate action.
Read full speech on worldbank.org ↗

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