The Way Forward: A Conversation with Dr. Mohamed El-Erian
· David Malpass, President of the World Bank Group (International)
Summary written by Dark Majestic in its own words · topics: public finances and debt, development and emerging economies
DM · David Malpass Wiki · World Bank Group WikiThe Way Forward: A Conversation with Dr. Mohamed El-ErianContextRemarks by David Malpass, President of the World Bank Group: The Way Forward: A Conversation with Dr. Mohamed El-Erian.
Why it mattersMalpass argues for pre-emptive debt solutions.
Problems raised- Many countries have accumulated too much debt.
- Ex-post debt solutions are messy.
- Development needs faster progress.
Solutions proposed- Pursue pre-emptive debt solutions.
- Work with the IMF on debt.
- Learn from experienced economists.
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