Remarks to G20 Leaders’ Virtual Summit

World Bank Group President David Malpass explained the World Bank Group's work to take broad swift action to respond to the coronavirus pandemic. He spoke about finalizing an additional package that will focus on the broader economic consequences. He was concerned about the poor and densely pop...

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Main Author:	Malpass, David
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	DEBT SUSTAINABILITY DEBT DISTRESS CORONAVIRUS COVID-19 DEBT RELIEF IDA LENDING
Online Access:	http://documents.worldbank.org/curated/en/964171585579938056/Remarks-by-World-Bank-Group-President-David-Malpass-to-G20-Leaders-Virtual-Summit http://hdl.handle.net/10986/33522

id	okr-10986-33522
recordtype	oai_dc
spelling	okr-10986-335222021-05-25T09:56:09Z Remarks to G20 Leaders’ Virtual Summit Malpass, David DEBT SUSTAINABILITY DEBT DISTRESS CORONAVIRUS COVID-19 DEBT RELIEF IDA LENDING World Bank Group President David Malpass explained the World Bank Group's work to take broad swift action to respond to the coronavirus pandemic. He spoke about finalizing an additional package that will focus on the broader economic consequences. He was concerned about the poor and densely populated countries like India and how the Bank is working hard to provide support through Bank's public and private sector tools. He highlighted the role of private sector support which is critical. He mentioned the Bank working closely with the IMF and WHO, among others, to determine needs assessments of client countries. He also highlighted the importance of addressing debt vulnerabilities as this crisis will hit hardest poor countries that have high levels of indebtedness. He spoke about how the Bank urged many of the G20 leaders and other official bilateral creditors to suspend debt payments due from IDA countries, effective immediately to determine what kind of debt relief or restructuring is needed. He concluded by saying that the World Bank Group and the IMF are working quickly to flesh out an approach for debt relief for poorer countries. 2020-04-02T19:22:05Z 2020-04-02T19:22:05Z 2020-03-26 Speech http://documents.worldbank.org/curated/en/964171585579938056/Remarks-by-World-Bank-Group-President-David-Malpass-to-G20-Leaders-Virtual-Summit http://hdl.handle.net/10986/33522 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC President's Speech
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	DEBT SUSTAINABILITY DEBT DISTRESS CORONAVIRUS COVID-19 DEBT RELIEF IDA LENDING
spellingShingle	DEBT SUSTAINABILITY DEBT DISTRESS CORONAVIRUS COVID-19 DEBT RELIEF IDA LENDING Malpass, David Remarks to G20 Leaders’ Virtual Summit
description	World Bank Group President David Malpass explained the World Bank Group's work to take broad swift action to respond to the coronavirus pandemic. He spoke about finalizing an additional package that will focus on the broader economic consequences. He was concerned about the poor and densely populated countries like India and how the Bank is working hard to provide support through Bank's public and private sector tools. He highlighted the role of private sector support which is critical. He mentioned the Bank working closely with the IMF and WHO, among others, to determine needs assessments of client countries. He also highlighted the importance of addressing debt vulnerabilities as this crisis will hit hardest poor countries that have high levels of indebtedness. He spoke about how the Bank urged many of the G20 leaders and other official bilateral creditors to suspend debt payments due from IDA countries, effective immediately to determine what kind of debt relief or restructuring is needed. He concluded by saying that the World Bank Group and the IMF are working quickly to flesh out an approach for debt relief for poorer countries.
format	Speech
author	Malpass, David
author_facet	Malpass, David
author_sort	Malpass, David
title	Remarks to G20 Leaders’ Virtual Summit
title_short	Remarks to G20 Leaders’ Virtual Summit
title_full	Remarks to G20 Leaders’ Virtual Summit
title_fullStr	Remarks to G20 Leaders’ Virtual Summit
title_full_unstemmed	Remarks to G20 Leaders’ Virtual Summit
title_sort	remarks to g20 leaders’ virtual summit
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/964171585579938056/Remarks-by-World-Bank-Group-President-David-Malpass-to-G20-Leaders-Virtual-Summit http://hdl.handle.net/10986/33522
_version_	1764478948932059136

Remarks to G20 Leaders’ Virtual Summit

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