Speech at the 2020 Annual Meetings Plenary

David Malpass, President of the World Bank, spoke about what the World Bank Group has accomplished since last year’s Annual Meetings, particularly the response to COVID-19 and progress made on debt transparency. The COVID-19 pandemic’s toll has been enormous, and people in the poorest countries are...

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Main Author:	Malpass, David
Format:	Speech
Published:	World Bank, Washington, DC 2020
Subjects:	CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE SUSTAINABLE GROWTH RESILIENT RECOVERY POVERTY DEBT BURDEN HUMAN CAPITAL INCLUSIVE GROWTH IDA-19 RESOURCES SUPPLEMENTAL EMERGENCY FINANCE FINANCING CLIFF
Online Access:	http://hdl.handle.net/10986/34629

id	okr-10986-34629
recordtype	oai_dc
spelling	okr-10986-346292021-05-25T09:49:48Z Speech at the 2020 Annual Meetings Plenary Malpass, David CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE SUSTAINABLE GROWTH RESILIENT RECOVERY POVERTY DEBT BURDEN HUMAN CAPITAL INCLUSIVE GROWTH IDA-19 RESOURCES SUPPLEMENTAL EMERGENCY FINANCE FINANCING CLIFF David Malpass, President of the World Bank, spoke about what the World Bank Group has accomplished since last year’s Annual Meetings, particularly the response to COVID-19 and progress made on debt transparency. The COVID-19 pandemic’s toll has been enormous, and people in the poorest countries are likely to suffer the longest and hardest. In response, the approach at the World Bank Group has been comprehensive, focused on saving lives, protecting the poor and vulnerable, working toward sustainable business growth, and rebuilding in better ways. He touched on the four most urgent aspects of this work: 1) poverty and inequality; 2) human capital; 3) debt burdens; and 4) fostering an inclusive and resilient recovery. The scale of the challenges ahead is staggering. IDA-19’s three-year envelope of USD82 billion will not be nearly enough to meet the needs of the world’s poorest countries at this desperate time. IDA has taken broad and fast action to frontload IDA-19 resources and provide surge financing this year to support the initial efforts to address the economic and health impacts of COVID. A USD25 billion supplemental COVID emergency financing package will avert a “financing cliff” in FY22-23 and make available additional resources to IDA countries to support their recoveries. 2020-10-16T17:29:02Z 2020-10-16T17:29:02Z 2020-10-15 Speech http://hdl.handle.net/10986/34629 Delivered October 15, 2020; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: President's Speech Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE SUSTAINABLE GROWTH RESILIENT RECOVERY POVERTY DEBT BURDEN HUMAN CAPITAL INCLUSIVE GROWTH IDA-19 RESOURCES SUPPLEMENTAL EMERGENCY FINANCE FINANCING CLIFF
spellingShingle	CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE SUSTAINABLE GROWTH RESILIENT RECOVERY POVERTY DEBT BURDEN HUMAN CAPITAL INCLUSIVE GROWTH IDA-19 RESOURCES SUPPLEMENTAL EMERGENCY FINANCE FINANCING CLIFF Malpass, David Speech at the 2020 Annual Meetings Plenary
relation	Delivered October 15, 2020;
description	David Malpass, President of the World Bank, spoke about what the World Bank Group has accomplished since last year’s Annual Meetings, particularly the response to COVID-19 and progress made on debt transparency. The COVID-19 pandemic’s toll has been enormous, and people in the poorest countries are likely to suffer the longest and hardest. In response, the approach at the World Bank Group has been comprehensive, focused on saving lives, protecting the poor and vulnerable, working toward sustainable business growth, and rebuilding in better ways. He touched on the four most urgent aspects of this work: 1) poverty and inequality; 2) human capital; 3) debt burdens; and 4) fostering an inclusive and resilient recovery. The scale of the challenges ahead is staggering. IDA-19’s three-year envelope of USD82 billion will not be nearly enough to meet the needs of the world’s poorest countries at this desperate time. IDA has taken broad and fast action to frontload IDA-19 resources and provide surge financing this year to support the initial efforts to address the economic and health impacts of COVID. A USD25 billion supplemental COVID emergency financing package will avert a “financing cliff” in FY22-23 and make available additional resources to IDA countries to support their recoveries.
format	Speech
author	Malpass, David
author_facet	Malpass, David
author_sort	Malpass, David
title	Speech at the 2020 Annual Meetings Plenary
title_short	Speech at the 2020 Annual Meetings Plenary
title_full	Speech at the 2020 Annual Meetings Plenary
title_fullStr	Speech at the 2020 Annual Meetings Plenary
title_full_unstemmed	Speech at the 2020 Annual Meetings Plenary
title_sort	speech at the 2020 annual meetings plenary
publisher	World Bank, Washington, DC
publishDate	2020
url	http://hdl.handle.net/10986/34629
_version_	1764481310228742144

Speech at the 2020 Annual Meetings Plenary

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