· Fabio Panetta Wiki · Banca d'Italia WikiStatement - meeting of the Development Committee
Read full speech on bis.org ↗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
- Climate change, fragility and migration are global challenges.
- Poverty and inequality persist.
- Private investment in poor countries is seen as risky.
Solutions proposed
- Complete IBRD reforms.
- Use guarantees and FX risk products.
- Improve business environments.