1,721,072 research outputs found
Remarks by World Bank Group President David Malpass at the 2022 Nordic Baltic Governors Meeting
No full textThese remarks were delivered by World
Bank Group President David Malpass at the 2022 Nordic Baltic
Governors Meeting on June 9, 2022. He spoke about the
following: war in Ukraine; the World Bank Group is
responding, with increased financial support to FCV
countries, and with more staff on the ground. Addressing the
challenges of fragility, conflict and violence requires
strengthened international cooperation and deeper
collaboration with governments, with partners such as the
UN, with civil society, and the affected populations
themselves, and climate action
Remarks by World Bank Group President David Malpass to the Europe Institute at the University of Zurich
No full textThese remarks were delivered by World
Bank Group President David Malpass to the Europe Institute
at the University of Zurich. He discusses on: Churchill
symposium; Ukraine, refugees, and fragility; energy
realignment; inflation, debt, and growth; the challenge of
global public goods; and Swiss partnership
Remarks by World Bank Group President David Malpass at the 2nd Global COVID-19 Summit
No full textThese remarks were delivered by World
Bank Group President David Malpass at the 2nd global
Coronavirus disease 2019 (COVID-19) summit. He discusses:
the World Bank Group is working hard to support developing
countries with their health programs. Looking ahead, the new
financial intermediary fund (FIF) - for pandemic prevention,
preparedness, and response at the World Bank will complement
the financing and technical advice - core instruments that
strengthen health systems and preparedness. With support
from the G20, the Bank is proceeding quickly to develop the
FIF, working with interested governments, the World Health
Organization (WHO), and other partners. To achieve better
health outcomes, developing countries need strong political
leadership, commitment, and consistent domestic investments.
They also need more financial support from the international
community to build capacity
Remarks by World Bank Group President David Malpass to the African Consultative Group at the 2022 Spring Meetings
No full textThese remarks were delivered by World
Bank Group President David Malpass to the Development
Committee at 2022 Spring Meetings on April 22, 2022. The war
in Ukraine is an added challenge to catastrophic droughts,
the surge in food prices, and disruptions of food supply
chains. An estimated 100 million people in Sub-Saharan
Africa are expected to face food insecurity in the coming
months. In Ethiopia, South Sudan and Madagascar, there were
no rains for the past three years. In the Horn of Africa
alone, twenty-five million people are facing famine. The
Sahel faces drought, environmental degradation,
displacement, poor trade integration, and the deteriorating
security situation are key factors. Cameroon, the Gambia,
Sudan, Tanzania, Kenya, and South Africa were major
importers of agri-food products originating from Russia.
Djibouti, Egypt, and Tunisia have already been experiencing
high food price inflation over the past year owing to the
region’s dependence on cereal imports
Spring Meetings Press Conference Opening Remarks by World Bank Group President David Malpass
No full textThese opening remarks were delivered
by World Bank Group President David Malpass at Spring
Meetings Press Conference on April 20, 2022. He said that we
are facing COVID-19, inflation, and the war in Ukraine. He
spoke about the World Bank Group has been acting fast in the
face of the crises: first the Coronavirus (COVID-19) surge
financing in over the last two years, which was one of the
fastest and largest in our history; and now putting money
into Ukraine and have moved quickly both to commitments and
disbursements, including nearly 1.5 billion dollars that he
announced in Poland last week. He mentioned that the World
Bank Group is also working actively on climate, through its
Climate Change Action Plan and the formation of Country
Climate and Development Reports (CCDRs), which will identify
the high priority items country by country, in their efforts
to mitigate and to adapt to climate change. He was intrigued
to see and welcomed India's moves the day before and
that day to begin to sell from its stockpiles. He said that
one of the solutions for the world is to recognize that
markets are forward looking. He mentioned that the central
banks can use tools that add to supply and that allow
capital allocation to be improved. He concluded by saying
that as interest rates rise, the debt pressures are mounting
on developing countries, and we need to move urgently
towards solutions
Remarks by World Bank Group President David Malpass to the Development Committee – 2022 Spring Meetings
Full text linkThese remarks were delivered by World
Bank Group President David Malpass to the Development
Committee at 2022 Spring Meetings on April 22, 2022. In the
case of Ukraine, the World Bank Group is doing everything we
can to assist during the crisis. We have already mobilized
more than 3 billion dollars of support, enlarged by your
grants, guarantees, and parallel financing. We are also
exploring other innovative financing options to support
countries hosting Ukrainian refugees. Together with the IMF
and other IFIs we are sending a clear signal that we stand
with the Ukrainian people during these difficult times. The
World Bank Group has made significant progress over the past
decade in our engagements with countries facing challenges
across the full spectrum of fragility, conflict, and
violence. The Bank expects to have committed 11 billion
dollars to purchase and deploy vaccines by the end of our
fiscal year, benefiting 81 countries. As the world faces
crises of refugees and IDPs, digitalization is creating new
jobs, expanding financial inclusion, and improving the
delivery of health, education, and social protection
programs. It is also increasing the quality of government
services, enhancing accountability, and reducing
opportunities for corruption. The World Bank Group can work
with the public and private sectors, in collaboration with
other development partners, to develop and expand access to
solutions aimed at harnessing the full potential of digital transformation
Remarks by World Bank Group President David Malpass at the State of Global Learning Poverty 2022 Update Report Launch
No full textThese remarks were delivered by World
Bank Group President David Malpass at The State of Global
Learning Poverty 2022 Update Report Launch on June 28, 2022.
He said that the COVID-related school closures and
disruptions have deepened the learning crisis and worsened
inequalities in education. He highlighted that the World
Bank estimates that the share of 10-year-old children in
developing countries who are unable to read and understand a
basic text is now at 70 percent. He insisted that it’s
urgent for political leaders to act decisively to recover
and accelerate learning and avoid a human capital
catastrophe. He suggested that they can do that by
prioritizing four learning recovery strategies and
investments: First, re-enroll and retain children in school;
Second, focus on foundational learning; Third, assess
students’ learning levels; and Fourth, support teachers with
the practical training and learning materials that are
proven to help students recover lost learning rapidly. He
mentioned that the World Bank is committed to working with
partners in support of countries to achieve more equal,
effective, and resilient education, particularly for girls.
He concluded by saying that it’s critical that children and
youth of this generation have the opportunity to shape the
future they deserve
Remarks by World Bank Group President David Malpass at the Seventh Ministerial Meeting of the Coalition of Finance Ministers for Climate Action
Full text linkThis report discusses the remarks
delivered by World Bank Group President David Malpass at the
seventh ministerial meeting of the coalition of finance
ministers for climate action. He discusses: many climate
interventions and projects offer large global public good
benefits but require substantial resources and compensations
and may offer no financial returns. The challenge is how to
incentivize these activities. As carbon markets scale, they
may provide part of the flow of financial benefit to support
projects that reduce carbon emissions. To address this part
of the challenge, the Bank have prepared a concept note that
presents pooling private sector contributions in support of
greenhouse gas (GHG) emission reduction projects into a
financing platform in exchange for verified carbon credits.
Globally, Finance Ministries also need to catalyze the
private sector to help close the financing gap for
investments in mitigation and adaptation
Remarks by World Bank Group President David Malpass at the Virtual COVID-19 Global Action Plan Foreign Ministerial Meeting
No full textThese remarks were delivered by World
Bank Group President David Malpass at the Virtual COVID-19
Global Action Plan Foreign Ministerial Meeting on July 19,
2022. He said that Coronavirus (COVID-19) has highlighted
the pressing need for action to build stronger health
systems and mobilize additional resources for Pandemic
Prevention, Preparedness, and Response or PPR. He mentioned
that when COVID-19 struck, it required immediate support for
developing countries, and the World Bank Group mounted the
fastest and largest response in our history with operations
in over 100 countries. He declared that the World Bank Group
is working closely with the COVID-19 Vaccine Delivery
Partnership to support focus countries to achieve their
coverage goals. He said that they have worked closely with
the WHO, IMF, and WTO throughout the pandemic. He also added
that they have also worked with other development partners,
including USAID and JICA, to strengthen the laboratory
capacity of regional entities, such as the Africa CDC. He
mentioned that the World Bank Group is proceeding quickly to
establish a financial intermediary fund or FIF to mobilize
additional resources for PPR and complement efforts to
strengthen health systems in developing countries and
regions. He concluded by saying that they look forward to
more countries joining this partnership, to strengthening
health systems further, and to working together on this
critical agenda, including at the Tokyo International
Conference on African Development (TICAD) in August in Tunisia
Transcript of Conversation with David Malpass and Masood Ahmed on the Way Forward
No full textThese remarks were delivered by the
World Bank Group President David Malpass in conversation
with Masood Ahmed, the President of the Center for Global
Development on May 26, 2022. They both discussed on the
following topis: (i) respond to the COVID crisis and now to
the latest set of crises from Russia's invasion of
Ukraine; (ii) the world moves away from the dependence on
Russian energy, then new supplies will be vital; (iii) COVID
Vaccination; (iv) fighting climate change; (v) global public
goods; (vi) climate change action plan; (vii) climate
financing; (viii) sustainable debt finance process; (ix)
food security and infrastructure development; (x) possible
global recession; (xi) education sector; (xii) human capital
index; (xiii) the G7 communique; and (xiv) low-income households
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