Remarks at the Summit on Financing African Economies

World Bank Group President David Malpass spoke about the World Bank Group using all possible resources, financing tools, and dedicated staff across the continent to improve African lives and business prospects. He mentioned the Board-approved financing operations in many African countries to obtain...

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Main Author:	Malpass, David
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	DEBT SUSTAINABILITY BLENDED FINANCE LONG-TERM RESOURCES PRIVATE INVESTMENT COVID-19 VACCINATION VACCINATION FINANCE IDA GRANTS IFC DISBURSEMENTS MIGA GUARANTEES WORLD BANK LENDING WORLD BANK GROUP PORTFOLIO DEBT SERVICE SUSPENSION INITIATIVE DSSI DEBT SERVICE BURDEN DEBT REDUCTION
Online Access:	http://documents.worldbank.org/curated/en/134571621412384331/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Summit-on-Financing-African-Economies http://hdl.handle.net/10986/35615

id	okr-10986-35615
recordtype	oai_dc
spelling	okr-10986-356152021-05-21T05:10:50Z Remarks at the Summit on Financing African Economies Malpass, David DEBT SUSTAINABILITY BLENDED FINANCE LONG-TERM RESOURCES PRIVATE INVESTMENT COVID-19 VACCINATION VACCINATION FINANCE IDA GRANTS IFC DISBURSEMENTS MIGA GUARANTEES WORLD BANK LENDING WORLD BANK GROUP PORTFOLIO DEBT SERVICE SUSPENSION INITIATIVE DSSI DEBT SERVICE BURDEN DEBT REDUCTION World Bank Group President David Malpass spoke about the World Bank Group using all possible resources, financing tools, and dedicated staff across the continent to improve African lives and business prospects. He mentioned the Board-approved financing operations in many African countries to obtain safe doses and to administer them quickly and fairly as soon as the producer countries, COVAX, or manufacturers are ready. Over the past decade, the World Bank Group has invested two hundred billion dollars in Africa. Over the next five years, the Group intends to invest and mobilize another one hundred fifty billion dollars to support the continent’s development. He focused on the need for large inflows of long-term resources for Africa. Another important part of Bank's support to Africa will be mobilization of the private sector, either directly through IFC and MIGA, or indirectly through funding by IDA and IBRD on capital markets. He concluded by highlighting the initiatives for Africa that he discussed with the President Macron recently. 2021-05-20T15:41:56Z 2021-05-20T15:41:56Z 2021-05-18 Speech http://documents.worldbank.org/curated/en/134571621412384331/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Summit-on-Financing-African-Economies http://hdl.handle.net/10986/35615 English Speech delivered May 18, 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 Africa Africa Eastern and Southern (AFE) Africa Western and Central (AFW) Sub-Saharan Africa
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 BLENDED FINANCE LONG-TERM RESOURCES PRIVATE INVESTMENT COVID-19 VACCINATION VACCINATION FINANCE IDA GRANTS IFC DISBURSEMENTS MIGA GUARANTEES WORLD BANK LENDING WORLD BANK GROUP PORTFOLIO DEBT SERVICE SUSPENSION INITIATIVE DSSI DEBT SERVICE BURDEN DEBT REDUCTION
spellingShingle	DEBT SUSTAINABILITY BLENDED FINANCE LONG-TERM RESOURCES PRIVATE INVESTMENT COVID-19 VACCINATION VACCINATION FINANCE IDA GRANTS IFC DISBURSEMENTS MIGA GUARANTEES WORLD BANK LENDING WORLD BANK GROUP PORTFOLIO DEBT SERVICE SUSPENSION INITIATIVE DSSI DEBT SERVICE BURDEN DEBT REDUCTION Malpass, David Remarks at the Summit on Financing African Economies
geographic_facet	Africa Africa Eastern and Southern (AFE) Africa Western and Central (AFW) Sub-Saharan Africa
relation	Speech delivered May 18, 2021;
description	World Bank Group President David Malpass spoke about the World Bank Group using all possible resources, financing tools, and dedicated staff across the continent to improve African lives and business prospects. He mentioned the Board-approved financing operations in many African countries to obtain safe doses and to administer them quickly and fairly as soon as the producer countries, COVAX, or manufacturers are ready. Over the past decade, the World Bank Group has invested two hundred billion dollars in Africa. Over the next five years, the Group intends to invest and mobilize another one hundred fifty billion dollars to support the continent’s development. He focused on the need for large inflows of long-term resources for Africa. Another important part of Bank's support to Africa will be mobilization of the private sector, either directly through IFC and MIGA, or indirectly through funding by IDA and IBRD on capital markets. He concluded by highlighting the initiatives for Africa that he discussed with the President Macron recently.
format	Speech
author	Malpass, David
author_facet	Malpass, David
author_sort	Malpass, David
title	Remarks at the Summit on Financing African Economies
title_short	Remarks at the Summit on Financing African Economies
title_full	Remarks at the Summit on Financing African Economies
title_fullStr	Remarks at the Summit on Financing African Economies
title_full_unstemmed	Remarks at the Summit on Financing African Economies
title_sort	remarks at the summit on financing african economies
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/134571621412384331/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Summit-on-Financing-African-Economies http://hdl.handle.net/10986/35615
_version_	1764483424300564480

Remarks at the Summit on Financing African Economies

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