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Statement - meeting of the Development Committee

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

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

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· Ignazio Visco Wiki · Banca d'Italia WikiStatement - meeting of the Development Committee

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 mattersRome's statement backs multilateral aid to Kyiv after the invasion.

Problems raised
  1. Russia's aggression shakes the world.
  2. Learning losses and weak investment constrain growth.
  3. Debt vulnerabilities rise.
Solutions proposed
  1. Support Ukraine through the World Bank.
  2. Integrate global challenges into development.
  3. Strengthen institutions and investment.
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