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Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the transfer of real resources to developing countries

· Ignazio Visco, Governor of the Banca d'Italia (Italy)

Summary written by Dark Majestic in its own words · topics: trade, fragmentation and geopolitics, development and emerging economies

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· Ignazio Visco Wiki · Banca d'Italia WikiJoint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the transfer of real resources to developing countries

ContextWritten statement to the 105th World Bank and IMF Development Committee for a group of countries; the Bank of Italy safeguards stability and represents its constituency in global forums.

Why it mattersVisco's statement condemns the attack on the rules-based system.

Problems raised
  1. Russia's aggression threatens the international system.
  2. Human suffering is massive.
  3. Developing countries face transfers of resources issues.
Solutions proposed
  1. Support Ukraine.
  2. Defend the rules-based system.
  3. Help developing countries.
Read full speech on bis.org ↗

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