ContextStatement by the Governor of the Bank of Italy, speaking for a group of seven countries, at the 113th meeting of the IMF–World Bank Development Committee in Washington.
Why it mattersFocuses on poor countries' debt burdens and investment needs, a recurring tension in global development finance.
Problems raised
Conflicts raise energy and food prices and disrupt trade.
Developing countries face high debt and little fiscal space.
The poorest are least able to absorb shocks.
Solutions proposed
Treat integrated payment systems as a development priority.
Use IFC and MIGA to attract private investment.
Invest in water and energy, and give poor countries a stronger voice.
