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Spring Meetings 2023 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: public finances and debt

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· David Malpass Wiki · World Bank Group WikiSpring Meetings 2023 Press Conference with World Bank Group President David Malpass

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
  1. The G20 Common Framework is too slow.
  2. Dollar debt becomes heavier when currencies weaken.
  3. Debt burdens hurt poor countries' people.
Solutions proposed
  1. Improve the G20 debt process.
  2. Speed up debt sustainability outcomes.
  3. Work with the IMF on timely solutions.
Read full speech on worldbank.org ↗

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