Remarks During Press Call on 100 Countries Milestone for COVID-19 (Coronavirus) Emergency Health Support
David Malpass, President of the World Bank, discussed the severe health and economic impacts that the Coronavirus 2019 (COVID-19) pandemic and shut down have inflicted on developing countries. The World Bank Group’s goal was to provide rapid, flexible responses to...
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| Format: | Speech |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/111691600066978864/Remarks-by-World-Bank-Group-President-David-Malpass-During-Press-Call-on-100-Countries-Milestone-for-COVID-19-Coronavirus-Emergency-Health-Support http://hdl.handle.net/10986/34489 |
| Summary: | David Malpass, President of the World Bank, discussed the severe health and economic impacts that the Coronavirus 2019 (COVID-19) pandemic and shut down have
inflicted on developing countries. The World Bank
Group’s goal was to provide rapid, flexible responses to
developing countries. That’s a way to protect the poorest,
by providing cash and other expandable support on debt, also
to maintain the private sector and bolster the economic
recovery. He announced that the World Bank Group will
finance emergency programs in 100 countries - that’s home to
70 percent of the world’s population. The programs are
tailored to the countries to effectively respond to the
health, economic, and social shocks that that country are
facing. On May 1 the Bank marked the start of an official
bilateral debt payment suspension for International
Development Association (IDA) countries, those that request
forbearance. It is an initiative launched with the
International Monetary Fund (IMF’s) Managing Director in
March and it was quickly endorsed by the G20 countries. |
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