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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: climate, energy and nature, 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 110th 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 lender reforms and currency-risk tools so private money reaches the poorest countries.

Problems raised
  1. Climate change, fragility and migration are global challenges.
  2. Poverty and inequality persist.
  3. Private investment in poor countries is seen as risky.
Solutions proposed
  1. Complete IBRD reforms.
  2. Use guarantees and FX risk products.
  3. Improve business environments.
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