Remarks at Session 2 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021

World Bank Group President David Malpass spoke about the need to foster financial inclusion, and to support digital systems that allow high transaction volumes at very low cost. He mentioned that the high costs for cross-border payments hamper economic development and cause payments to flow undergro...

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Main Author:	Malpass, David
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	FINANCIAL INCLUSION FINANCIAL TECHNOLOGY TRANSACTION COSTS REMITTANCES DEBT SUSTAINABILITY DEBT TRANSPARENCY NON-PERFORMING LOANS BANKRUPTCY PROCESS CLIMATE TAX CLIMATE CHANGE POLICY CURRENCY STABILITY
Online Access:	http://documents.worldbank.org/curated/en/136611616681546418/Remarks-by-World-Bank-Group-President-David-Malpass-at-Session-2-of-the-G20-Finance-Ministers-and-Central-Bank-Governors-Meeting http://hdl.handle.net/10986/35326

id	okr-10986-35326
recordtype	oai_dc
spelling	okr-10986-353262021-04-23T14:02:20Z Remarks at Session 2 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021 Malpass, David FINANCIAL INCLUSION FINANCIAL TECHNOLOGY TRANSACTION COSTS REMITTANCES DEBT SUSTAINABILITY DEBT TRANSPARENCY NON-PERFORMING LOANS BANKRUPTCY PROCESS CLIMATE TAX CLIMATE CHANGE POLICY CURRENCY STABILITY World Bank Group President David Malpass spoke about the need to foster financial inclusion, and to support digital systems that allow high transaction volumes at very low cost. He mentioned that the high costs for cross-border payments hamper economic development and cause payments to flow underground. Working with global partners, the World Bank is leading efforts to increase efficiency, transparency, and competition in the market for remittances worldwide. Developing countries face key challenges related to domestic debt, non-performing loans (NPLs), and bankruptcy processes. He urged that diverse input should be voiced on international environmental taxation, on the increased financial regulation related to climate change, and on stable coins. 2021-03-26T16:54:58Z 2021-03-26T16:54:58Z 2021-02-26 Speech http://documents.worldbank.org/curated/en/136611616681546418/Remarks-by-World-Bank-Group-President-David-Malpass-at-Session-2-of-the-G20-Finance-Ministers-and-Central-Bank-Governors-Meeting http://hdl.handle.net/10986/35326 English 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 Italy
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	FINANCIAL INCLUSION FINANCIAL TECHNOLOGY TRANSACTION COSTS REMITTANCES DEBT SUSTAINABILITY DEBT TRANSPARENCY NON-PERFORMING LOANS BANKRUPTCY PROCESS CLIMATE TAX CLIMATE CHANGE POLICY CURRENCY STABILITY
spellingShingle	FINANCIAL INCLUSION FINANCIAL TECHNOLOGY TRANSACTION COSTS REMITTANCES DEBT SUSTAINABILITY DEBT TRANSPARENCY NON-PERFORMING LOANS BANKRUPTCY PROCESS CLIMATE TAX CLIMATE CHANGE POLICY CURRENCY STABILITY Malpass, David Remarks at Session 2 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021
geographic_facet	Italy
description	World Bank Group President David Malpass spoke about the need to foster financial inclusion, and to support digital systems that allow high transaction volumes at very low cost. He mentioned that the high costs for cross-border payments hamper economic development and cause payments to flow underground. Working with global partners, the World Bank is leading efforts to increase efficiency, transparency, and competition in the market for remittances worldwide. Developing countries face key challenges related to domestic debt, non-performing loans (NPLs), and bankruptcy processes. He urged that diverse input should be voiced on international environmental taxation, on the increased financial regulation related to climate change, and on stable coins.
format	Speech
author	Malpass, David
author_facet	Malpass, David
author_sort	Malpass, David
title	Remarks at Session 2 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021
title_short	Remarks at Session 2 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021
title_full	Remarks at Session 2 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021
title_fullStr	Remarks at Session 2 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021
title_full_unstemmed	Remarks at Session 2 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021
title_sort	remarks at session 2 of the g20 finance ministers and central bank governors meeting, february 26, 2021
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/136611616681546418/Remarks-by-World-Bank-Group-President-David-Malpass-at-Session-2-of-the-G20-Finance-Ministers-and-Central-Bank-Governors-Meeting http://hdl.handle.net/10986/35326
_version_	1764482800173449216

Remarks at Session 2 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021

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