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Remarks by World Bank Group President David Malpass at the G20 Finance and Central Bank Governors’ Meeting in Bengaluru, India – Session 2: Financial Sector and Inclusion

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

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, climate, energy and nature, development and emerging economies, technology, ai and cyber risk

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· David Malpass Wiki · World Bank Group WikiRemarks by World Bank Group President David Malpass at the G20 Finance and Central Bank Governors’ Meeting in Bengaluru, India – Session 2: Financial Sector and Inclusion

ContextRemarks at the G20 finance meeting in Bengaluru, session on financial sector and inclusion; the World Bank fights poverty and supports digital public infrastructure.

Why it mattersMalpass holds up India's digital ID and payment rails as a model.

Problems raised
  1. Financial inclusion is incomplete in many countries.
  2. Climate disclosure rules may burden emerging markets.
  3. Capital market development could slow.
Solutions proposed
  1. Build digital public infrastructure like India's.
  2. Phase in sustainability disclosure standards proportionally.
  3. Support payment systems, digital ID and data sharing.
Read full speech on worldbank.org ↗

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