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Statement - meeting of the Development Committee

· Fabio Panetta, 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, growth, investment and productivity

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· Fabio Panetta Wiki · Banca d'Italia WikiStatement - meeting of the Development Committee

ContextWritten statement to the 109th 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 mattersPanetta's statement asks for support to the poorest economies and pandemic preparedness.

Problems raised
  1. Medium-term growth is weak.
  2. Fragmentation widens gaps between nations.
  3. Pandemics remain a risk.
Solutions proposed
  1. Support the poorest economies.
  2. Assess pandemic risks with the WHO.
  3. Map financing gaps.
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