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Spring Meetings 2023 Media Call: Opening Remarks by 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: financial stability, public finances and debt, growth, investment and productivity

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· David Malpass Wiki · World Bank Group WikiSpring Meetings 2023 Media Call: Opening Remarks by World Bank Group President David Malpass

ContextMedia call opening the 2023 World Bank and IMF Spring Meetings; the World Bank fights poverty and works on sovereign debt and Ukraine's needs.

Why it mattersMalpass warns of slowing growth and proposes debt service standstills.

Problems raised
  1. Global growth will slow to 2%.
  2. Slow growth increases fiscal stress.
  3. Debt problems are growing.
Solutions proposed
  1. Advance the Global Sovereign Debt Roundtable.
  2. Consider formal standstills on debt service.
  3. Evolve the World Bank Group.
Read full speech on worldbank.org ↗

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