· David Malpass Wiki · World Bank Group WikiSpring Meetings 2023 Press Conference with World Bank Group President David Malpass
Read full speech on worldbank.org ↗ContextPress conference during the 2023 World Bank and IMF Spring Meetings in Washington; the World Bank fights poverty and faces debt distress in poor countries.
Why it mattersMalpass criticises the slow pace of debt relief for poor countries.
Problems raised
- The G20 Common Framework is too slow.
- Dollar debt becomes heavier when currencies weaken.
- Debt burdens hurt poor countries' people.
Solutions proposed
- Improve the G20 debt process.
- Speed up debt sustainability outcomes.
- Work with the IMF on timely solutions.