Remarks at China’s 1+6 Roundtable with Premier Li Keqiang

World Bank Group President David Malpass spoke about the broad, rapid, and affordable access to Coronavirus (COVID-19) vaccines which will be at the core of a resilient economic recovery that lifts everyone. He mentioned that the World Bank Group’s forty-year engagement with China has been mutually...

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Main Author:	Malpass, David
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	GREEN GROWTH INCLUSIVE GROWTH CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE DEBT RELIEF DEBT TRANSPARENCY PRIVATE CREDITORS
Online Access:	http://documents.worldbank.org/curated/en/321541607069809311/Remarks-by-World-Bank-Group-President-David-Malpass-at-China-s-1-6-Roundtable-with-Premier-Li-Keqiang http://hdl.handle.net/10986/34881

id	okr-10986-34881
recordtype	oai_dc
spelling	okr-10986-348812021-04-23T14:02:10Z Remarks at China’s 1+6 Roundtable with Premier Li Keqiang Malpass, David GREEN GROWTH INCLUSIVE GROWTH CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE DEBT RELIEF DEBT TRANSPARENCY PRIVATE CREDITORS World Bank Group President David Malpass spoke about the broad, rapid, and affordable access to Coronavirus (COVID-19) vaccines which will be at the core of a resilient economic recovery that lifts everyone. He mentioned that the World Bank Group’s forty-year engagement with China has been mutually beneficial and continues to evolve. He thanked China for its large contribution to IDA19, which is particularly noteworthy given China’s stage of development. He highlighted on the lending relationship with China which is also evolving steadily, with a strong focus on analytical and advisory services and strong engagement from the International Finance Corporation. He expressed that China’s economy needs further reform to get the most benefit as it returns to sustained growth. China’s Coronavirus (COVID-19) economic policy response has been weighted towards supporting firms and banks and encouraging public investment, in relative terms, while direct transfers to households have been limited. Greening of China’s growth going forward should form a core objective of the fourteenth five-year plan. Regarding progress on debt relief and transparency, he mentioned that private creditors have not been participating, leaving official bilateral creditors shouldering much of the burden. 2020-12-07T15:35:29Z 2020-12-07T15:35:29Z 2020-11-24 Speech http://documents.worldbank.org/curated/en/321541607069809311/Remarks-by-World-Bank-Group-President-David-Malpass-at-China-s-1-6-Roundtable-with-Premier-Li-Keqiang http://hdl.handle.net/10986/34881 English Delivered November 24, 2020; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: President's Speech East Asia and Pacific China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	GREEN GROWTH INCLUSIVE GROWTH CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE DEBT RELIEF DEBT TRANSPARENCY PRIVATE CREDITORS
spellingShingle	GREEN GROWTH INCLUSIVE GROWTH CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE DEBT RELIEF DEBT TRANSPARENCY PRIVATE CREDITORS Malpass, David Remarks at China’s 1+6 Roundtable with Premier Li Keqiang
geographic_facet	East Asia and Pacific China
relation	Delivered November 24, 2020;
description	World Bank Group President David Malpass spoke about the broad, rapid, and affordable access to Coronavirus (COVID-19) vaccines which will be at the core of a resilient economic recovery that lifts everyone. He mentioned that the World Bank Group’s forty-year engagement with China has been mutually beneficial and continues to evolve. He thanked China for its large contribution to IDA19, which is particularly noteworthy given China’s stage of development. He highlighted on the lending relationship with China which is also evolving steadily, with a strong focus on analytical and advisory services and strong engagement from the International Finance Corporation. He expressed that China’s economy needs further reform to get the most benefit as it returns to sustained growth. China’s Coronavirus (COVID-19) economic policy response has been weighted towards supporting firms and banks and encouraging public investment, in relative terms, while direct transfers to households have been limited. Greening of China’s growth going forward should form a core objective of the fourteenth five-year plan. Regarding progress on debt relief and transparency, he mentioned that private creditors have not been participating, leaving official bilateral creditors shouldering much of the burden.
format	Speech
author	Malpass, David
author_facet	Malpass, David
author_sort	Malpass, David
title	Remarks at China’s 1+6 Roundtable with Premier Li Keqiang
title_short	Remarks at China’s 1+6 Roundtable with Premier Li Keqiang
title_full	Remarks at China’s 1+6 Roundtable with Premier Li Keqiang
title_fullStr	Remarks at China’s 1+6 Roundtable with Premier Li Keqiang
title_full_unstemmed	Remarks at China’s 1+6 Roundtable with Premier Li Keqiang
title_sort	remarks at china’s 1+6 roundtable with premier li keqiang
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/321541607069809311/Remarks-by-World-Bank-Group-President-David-Malpass-at-China-s-1-6-Roundtable-with-Premier-Li-Keqiang http://hdl.handle.net/10986/34881
_version_	1764481850085998592

Remarks at China’s 1+6 Roundtable with Premier Li Keqiang

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