Remarks from the G20 Finance Ministers Conference Call on COVID-19

David Malpass, World Bank Group President, issued his remarks from the G20 Finance Ministers conference call, on the COVID-19 pandemic. These are difficult times for all, especially for the poorest and most vulnerable. For the World Bank Group, the first goal is to provide prompt support during the...

Full description

Bibliographic Details
Main Author:	Malpass, David
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	CORONAVIRUS COVID-19 PANDEMIC GLOBAL RESPONSE EMERGENCY RESPONSE HEALTH CARE SERVICES PRIVATE SECTOR SUPPORT CONTINGENT EMERGENCY FINANCING
Online Access:	http://documents.worldbank.org/curated/en/295511585132341475/Remarks-by-World-Bank-Group-President-David-Malpass-on-G20-Finance-Ministers-Conference-Call-on-COVID-19 http://hdl.handle.net/10986/33489

id	okr-10986-33489
recordtype	oai_dc
spelling	okr-10986-334892021-06-14T09:58:39Z Remarks from the G20 Finance Ministers Conference Call on COVID-19 Malpass, David CORONAVIRUS COVID-19 PANDEMIC GLOBAL RESPONSE EMERGENCY RESPONSE HEALTH CARE SERVICES PRIVATE SECTOR SUPPORT CONTINGENT EMERGENCY FINANCING David Malpass, World Bank Group President, issued his remarks from the G20 Finance Ministers conference call, on the COVID-19 pandemic. These are difficult times for all, especially for the poorest and most vulnerable. For the World Bank Group, the first goal is to provide prompt support during the crisis, based on a country’s needs. It is also vital to shorten the time to recovery and create confidence that the recovery can be strong. On March 17, the World Bank and IFC Boards approved a USD14 billion package to respond to COVID-19. Of that, IFC is making USD8 billion available in relatively fast-acting financial support for private companies. IBRD and IDA will be making USD6 billion available in the near term to support health care. The Bank is currently restructuring existing projects in 23 countries, many of these through the use of contingent emergency response components. The Bank is also preparing projects in 49 countries in a new fast-track facility, with decisions expected this week on as many as 16 country programs. The World Bank’s Board will meet shortly, and it is expected that this first round of countries will provide a framework to quickly scale up over the next few weeks. The Bank and the IMF are ready to work quickly with official bilateral creditors and with other international organizations as partners to finalize a process by the Spring Meetings of our organizations in April. 2020-03-26T18:06:03Z 2020-03-26T18:06:03Z 2020-03-23 Speech http://documents.worldbank.org/curated/en/295511585132341475/Remarks-by-World-Bank-Group-President-David-Malpass-on-G20-Finance-Ministers-Conference-Call-on-COVID-19 http://hdl.handle.net/10986/33489 English Held on March 23, 2020; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Speech
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CORONAVIRUS COVID-19 PANDEMIC GLOBAL RESPONSE EMERGENCY RESPONSE HEALTH CARE SERVICES PRIVATE SECTOR SUPPORT CONTINGENT EMERGENCY FINANCING
spellingShingle	CORONAVIRUS COVID-19 PANDEMIC GLOBAL RESPONSE EMERGENCY RESPONSE HEALTH CARE SERVICES PRIVATE SECTOR SUPPORT CONTINGENT EMERGENCY FINANCING Malpass, David Remarks from the G20 Finance Ministers Conference Call on COVID-19
relation	Held on March 23, 2020;
description	David Malpass, World Bank Group President, issued his remarks from the G20 Finance Ministers conference call, on the COVID-19 pandemic. These are difficult times for all, especially for the poorest and most vulnerable. For the World Bank Group, the first goal is to provide prompt support during the crisis, based on a country’s needs. It is also vital to shorten the time to recovery and create confidence that the recovery can be strong. On March 17, the World Bank and IFC Boards approved a USD14 billion package to respond to COVID-19. Of that, IFC is making USD8 billion available in relatively fast-acting financial support for private companies. IBRD and IDA will be making USD6 billion available in the near term to support health care. The Bank is currently restructuring existing projects in 23 countries, many of these through the use of contingent emergency response components. The Bank is also preparing projects in 49 countries in a new fast-track facility, with decisions expected this week on as many as 16 country programs. The World Bank’s Board will meet shortly, and it is expected that this first round of countries will provide a framework to quickly scale up over the next few weeks. The Bank and the IMF are ready to work quickly with official bilateral creditors and with other international organizations as partners to finalize a process by the Spring Meetings of our organizations in April.
format	Speech
author	Malpass, David
author_facet	Malpass, David
author_sort	Malpass, David
title	Remarks from the G20 Finance Ministers Conference Call on COVID-19
title_short	Remarks from the G20 Finance Ministers Conference Call on COVID-19
title_full	Remarks from the G20 Finance Ministers Conference Call on COVID-19
title_fullStr	Remarks from the G20 Finance Ministers Conference Call on COVID-19
title_full_unstemmed	Remarks from the G20 Finance Ministers Conference Call on COVID-19
title_sort	remarks from the g20 finance ministers conference call on covid-19
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/295511585132341475/Remarks-by-World-Bank-Group-President-David-Malpass-on-G20-Finance-Ministers-Conference-Call-on-COVID-19 http://hdl.handle.net/10986/33489
_version_	1764478872997330944

Remarks from the G20 Finance Ministers Conference Call on COVID-19

Similar Items