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Remarks by World Bank Group President David Malpass to the 52nd Washington Conference on the Americas

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

Summary written by Dark Majestic in its own words · topics: inflation and price stability, public finances and debt, trade, fragmentation and geopolitics, growth, investment and productivity

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· David Malpass Wiki · World Bank Group WikiRemarks by World Bank Group President David Malpass to the 52nd Washington Conference on the Americas

ContextRemarks by World Bank Group President David Malpass to the 52nd Washington Conference on the Americas.

Why it mattersMalpass expects only 2.3% growth for Latin America and urges spending restraint.

Problems raised
  1. Latin America faces COVID, inflation and war effects.
  2. Growth will be only 2.3% in 2022.
  3. Debt is building up.
Solutions proposed
  1. Restrain government and SOE spending.
  2. Manage debt proactively.
  3. Attract investment and jobs.
Read full speech on worldbank.org ↗

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