Remarks to the International Monetary and Financial Committee

Remarks to the International Monetary and Financial Committee

World Bank Group President David Malpass spoke of the steps the Group is taking to provide unprecedented financing to help countries respond to the crisis. He expects to have COVID-19 (Coronavirus) related projects in one hundred countries. He thanked the shareholders for the capital and funding tha...

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Bibliographic Details
Main Author: Malpass, David
Format: Speech
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
PUBLIC AND PUBLICLY GUARANTEED DEBT
SHORT-TERM FINANCIAL INSTRUMENTS
PUBLIC DISCLOSURE
TRANSPARENCY
SOVEREIGN DEBT
WORLD BANK GROUP PORTFOLIO
DEBT SERVICE FOREBEARANCE
Online Access:http://documents.worldbank.org/curated/en/350571587991123378/Remarks-by-World-Bank-Group-President-David-Malpass-to-the-International-Monetary-and-Financial-Committee-IMFC
http://hdl.handle.net/10986/33675
id okr-10986-33675
recordtype oai_dc
spelling okr-10986-336752021-05-25T09:48:12Z Remarks to the International Monetary and Financial Committee Malpass, David PUBLIC AND PUBLICLY GUARANTEED DEBT SHORT-TERM FINANCIAL INSTRUMENTS PUBLIC DISCLOSURE TRANSPARENCY SOVEREIGN DEBT WORLD BANK GROUP PORTFOLIO DEBT SERVICE FOREBEARANCE World Bank Group President David Malpass spoke of the steps the Group is taking to provide unprecedented financing to help countries respond to the crisis. He expects to have COVID-19 (Coronavirus) related projects in one hundred countries. He thanked the shareholders for the capital and funding that they provided for IBRD, IDA, IFC, and MIGA. He strongly welcomed the G20’s announcement to allow the IDA countries that request forbearance to suspend repayment of official bilateral credit on May 1, 2020. He highlighted about how the IMF Managing Director and World Bank championed the debt initiative, and are committed to taking all the possible steps to support it. He mentioned that beneficiary countries will fully disclose their public sector financial commitments. He concluded by saying that he is certain that substantial progress on the crisis has been made this week from many different angles and that this fast action to provide support during the crisis will help during the downturn and strengthen the recovery. 2020-05-01T17:14:20Z 2020-05-01T17:14:20Z 2020-04-16 Speech http://documents.worldbank.org/curated/en/350571587991123378/Remarks-by-World-Bank-Group-President-David-Malpass-to-the-International-Monetary-and-Financial-Committee-IMFC http://hdl.handle.net/10986/33675 English Delivered in Washington, DC, April 16, 2020; 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 PUBLIC AND PUBLICLY GUARANTEED DEBT
SHORT-TERM FINANCIAL INSTRUMENTS
PUBLIC DISCLOSURE
TRANSPARENCY
SOVEREIGN DEBT
WORLD BANK GROUP PORTFOLIO
DEBT SERVICE FOREBEARANCE
spellingShingle PUBLIC AND PUBLICLY GUARANTEED DEBT
SHORT-TERM FINANCIAL INSTRUMENTS
PUBLIC DISCLOSURE
TRANSPARENCY
SOVEREIGN DEBT
WORLD BANK GROUP PORTFOLIO
DEBT SERVICE FOREBEARANCE
Malpass, David
Remarks to the International Monetary and Financial Committee
relation Delivered in Washington, DC, April 16, 2020;
description World Bank Group President David Malpass spoke of the steps the Group is taking to provide unprecedented financing to help countries respond to the crisis. He expects to have COVID-19 (Coronavirus) related projects in one hundred countries. He thanked the shareholders for the capital and funding that they provided for IBRD, IDA, IFC, and MIGA. He strongly welcomed the G20’s announcement to allow the IDA countries that request forbearance to suspend repayment of official bilateral credit on May 1, 2020. He highlighted about how the IMF Managing Director and World Bank championed the debt initiative, and are committed to taking all the possible steps to support it. He mentioned that beneficiary countries will fully disclose their public sector financial commitments. He concluded by saying that he is certain that substantial progress on the crisis has been made this week from many different angles and that this fast action to provide support during the crisis will help during the downturn and strengthen the recovery.
format Speech
author Malpass, David
author_facet Malpass, David
author_sort Malpass, David
title Remarks to the International Monetary and Financial Committee
title_short Remarks to the International Monetary and Financial Committee
title_full Remarks to the International Monetary and Financial Committee
title_fullStr Remarks to the International Monetary and Financial Committee
title_full_unstemmed Remarks to the International Monetary and Financial Committee
title_sort remarks to the international monetary and financial committee
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/350571587991123378/Remarks-by-World-Bank-Group-President-David-Malpass-to-the-International-Monetary-and-Financial-Committee-IMFC
http://hdl.handle.net/10986/33675
_version_ 1764479293567533056

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