ContextWritten statement to the World Bank and IMF Development Committee in Marrakech for a group of countries; the Bank of Italy safeguards stability and represents its constituency in global forums.
Why it mattersVisco's statement focuses on resilience to natural disasters.
Problems raised
Global growth will slow markedly in 2023 and 2024.
Climate shocks and geopolitical tension could push food and energy prices up.
Countries must become more resilient to extreme natural events.
Solutions proposed
Strengthen resilience to natural disasters.
Support the World Bank's evolution to tackle global challenges.
Coordinate international policies to limit downside risks.
