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Spring Meetings 2022 Opening Press Conference with World Bank Group President David Malpass

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

Summary written by Dark Majestic in its own words · topics: labour markets and jobs

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· David Malpass Wiki · World Bank Group WikiSpring Meetings 2022 Opening Press Conference with World Bank Group President David Malpass

ContextVirtual opening press conference of the 2022 Spring Meetings; the World Bank fights poverty amid overlapping crises.

Why it mattersMalpass urges better targeting of subsidies to the poorest.

Problems raised
  1. The crisis hurts the poorest.
  2. Subsidies are poorly targeted.
  3. Jobs are lost.
Solutions proposed
  1. Allocate more to social protection.
  2. Target subsidies to the poorest.
  3. Support new businesses and jobs.
Read full speech on worldbank.org ↗

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