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Remarks by World Bank Group President David Malpass at the G20 Finance Ministers and Central Bank Governors’ Meeting – Annual Meetings 2022

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

Summary written by Dark Majestic in its own words · topics: 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 G20 Finance Ministers and Central Bank Governors’ Meeting – Annual Meetings 2022

ContextRemarks by World Bank Group President David Malpass at the G20 Finance Ministers and Central Bank Governors’ Meeting – Annual Meetings 2022.

Why it mattersMalpass calls for debt standstills and a bigger role for debtor countries.

Problems raised
  1. Development faces a crisis.
  2. Debt restructuring is too slow.
  3. Infrastructure financing gaps are large.
Solutions proposed
  1. Adopt debt standstill and faster processes.
  2. Give debtor countries a bigger role.
  3. Use quality infrastructure principles to mobilise capital.
Read full speech on worldbank.org ↗

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