Conversation with the Lowy Institute

World Bank Group President David spoke about the World Bank's response for Coronavirus (COVID-19) was to make health programs available in a lot of countries. The Bank wanted to get as many people vaccinated as possible in countries around the world. The Bank is looking at how to help India now...

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Main Author:	Malpass, David
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	DEBT SUSTAINABILITY COVID-19 VACCINATION HEALTH FINANCING DEBT RELIEF DONOR COORDINATION ANTICORRUPTION HUMAN CAPITAL INVESTMENT CLIMATE CHANGE CLIMATE FINANCE INFRASTRUCTURE FINANCE CIVIL UNREST
Online Access:	http://documents.worldbank.org/curated/en/407071620132716042/Transcript-of-World-Bank-Group-President-David-Malpass-s-Conversation-with-the-Lowy-Institute http://hdl.handle.net/10986/35548

id	okr-10986-35548
recordtype	oai_dc
spelling	okr-10986-355482021-09-16T21:33:56Z Conversation with the Lowy Institute Malpass, David DEBT SUSTAINABILITY COVID-19 VACCINATION HEALTH FINANCING DEBT RELIEF DONOR COORDINATION ANTICORRUPTION HUMAN CAPITAL INVESTMENT CLIMATE CHANGE CLIMATE FINANCE INFRASTRUCTURE FINANCE CIVIL UNREST World Bank Group President David spoke about the World Bank's response for Coronavirus (COVID-19) was to make health programs available in a lot of countries. The Bank wanted to get as many people vaccinated as possible in countries around the world. The Bank is looking at how to help India now. India has massive needs way beyond the potential of the World Bank alone. World Bank commitments in calendar year 2020 were up by sixty-five percent from calendar year 2019. The World Bank Group has a unique ability to raise funding through the global bond markets, and in that way the donor countries put money in and then it's leveraged through that process. Debt relief, as described by the G20 as a Framework, involves burden sharing among the various official bilateral creditors and commercial creditors. The Debt Service Suspension Initiative that was done in 2020 saved five billion dollars for debtor countries. The Bank is working on climate issues by identifying priorities, working with countries on things where the Bank can add expertise. The OECD has an anti-corruption standard, and it would be good if more countries joined that standard. He mentioned the need to invest in both physical infrastructure and human capital. Human capital is one of the most valuable investments that countries make, and that people make in their own lives. He spoke about the unrest in Myanmar and the Bank has put a hold on disbursements there. 2021-05-06T14:56:19Z 2021-05-06T14:56:19Z 2021-04-29 Speech http://documents.worldbank.org/curated/en/407071620132716042/Transcript-of-World-Bank-Group-President-David-Malpass-s-Conversation-with-the-Lowy-Institute http://hdl.handle.net/10986/35548 English Podcast with Alexandre Dayant on April 29, 2021; 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
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	DEBT SUSTAINABILITY COVID-19 VACCINATION HEALTH FINANCING DEBT RELIEF DONOR COORDINATION ANTICORRUPTION HUMAN CAPITAL INVESTMENT CLIMATE CHANGE CLIMATE FINANCE INFRASTRUCTURE FINANCE CIVIL UNREST
spellingShingle	DEBT SUSTAINABILITY COVID-19 VACCINATION HEALTH FINANCING DEBT RELIEF DONOR COORDINATION ANTICORRUPTION HUMAN CAPITAL INVESTMENT CLIMATE CHANGE CLIMATE FINANCE INFRASTRUCTURE FINANCE CIVIL UNREST Malpass, David Conversation with the Lowy Institute
relation	Podcast with Alexandre Dayant on April 29, 2021;
description	World Bank Group President David spoke about the World Bank's response for Coronavirus (COVID-19) was to make health programs available in a lot of countries. The Bank wanted to get as many people vaccinated as possible in countries around the world. The Bank is looking at how to help India now. India has massive needs way beyond the potential of the World Bank alone. World Bank commitments in calendar year 2020 were up by sixty-five percent from calendar year 2019. The World Bank Group has a unique ability to raise funding through the global bond markets, and in that way the donor countries put money in and then it's leveraged through that process. Debt relief, as described by the G20 as a Framework, involves burden sharing among the various official bilateral creditors and commercial creditors. The Debt Service Suspension Initiative that was done in 2020 saved five billion dollars for debtor countries. The Bank is working on climate issues by identifying priorities, working with countries on things where the Bank can add expertise. The OECD has an anti-corruption standard, and it would be good if more countries joined that standard. He mentioned the need to invest in both physical infrastructure and human capital. Human capital is one of the most valuable investments that countries make, and that people make in their own lives. He spoke about the unrest in Myanmar and the Bank has put a hold on disbursements there.
format	Speech
author	Malpass, David
author_facet	Malpass, David
author_sort	Malpass, David
title	Conversation with the Lowy Institute
title_short	Conversation with the Lowy Institute
title_full	Conversation with the Lowy Institute
title_fullStr	Conversation with the Lowy Institute
title_full_unstemmed	Conversation with the Lowy Institute
title_sort	conversation with the lowy institute
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/407071620132716042/Transcript-of-World-Bank-Group-President-David-Malpass-s-Conversation-with-the-Lowy-Institute http://hdl.handle.net/10986/35548
_version_	1764483263733170176

Conversation with the Lowy Institute

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