· Ignazio Visco Wiki · Banca d'Italia WikiStatement - meeting of the Development Committee
Read full speech on bis.org ↗ContextWritten statement to the World Bank and IMF Development Committee in Washington 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 war and supports Ukraine.
Problems raised
- Russia's war violates international law.
- The world economy is slowing.
- Energy and food costs erode purchasing power.
Solutions proposed
- Condemn the war and support Ukraine.
- Tighten monetary policy to curb inflation.
- Strengthen the World Bank's role.