Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda
These opening remarks were made by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda on July 15, 2022. The report discusses about the COVID-19 pandemic and now Russi...
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099939207202299040/IDU09b20a3260a09091b400e6e6dc78f18 http://hdl.handle.net/10986/37809 |
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okr-10986-378092022-08-03T05:10:47Z Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda Malpass, David ECONOMIC CATASTROPHE EMERGENCY FINANCING GLOBAL SUPPLY FOOD SECURITY ENERGY CRISIS FERTILIZER DEBT RELIEF RECESSION COVID-19 IMPACTS These opening remarks were made by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda on July 15, 2022. The report discusses about the COVID-19 pandemic and now Russia’s invasion of Ukraine have caused a humanitarian and economic catastrophe. Recessions are likely in many countries. This will put heavy new burdens on fiscal deficits and debt markets. Ukraine is severely affected. The World Bank Group has been using all our tools to mobilize emergency financing for Ukrainians. More than 6 billion dollars of this financing has already been disbursed. The danger for other developing countries is acute due to inflation, currency depreciation, rising debt service costs, and the collapse of international reserves. These problems are severely constraining future growth and deepening inequality and fragility. The diversion of natural gas to Europe presents grave obstacles to developing country production of electricity, food, and fertilizer. Priority areas identified to complement work by existing institutions include disease surveillance; laboratory systems; emergency communication, coordination, and management; critical health workforce capacities; and community engagement. 2022-08-02T15:40:33Z 2022-08-02T15:40:33Z 2022-07-15 Speech http://documents.worldbank.org/curated/en/099939207202299040/IDU09b20a3260a09091b400e6e6dc78f18 http://hdl.handle.net/10986/37809 English en CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Speeches of World Bank Presidents [collection under construction] :: Speeches by David R. Malpass (2019 to present) |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English English |
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ECONOMIC CATASTROPHE EMERGENCY FINANCING GLOBAL SUPPLY FOOD SECURITY ENERGY CRISIS FERTILIZER DEBT RELIEF RECESSION COVID-19 IMPACTS |
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ECONOMIC CATASTROPHE EMERGENCY FINANCING GLOBAL SUPPLY FOOD SECURITY ENERGY CRISIS FERTILIZER DEBT RELIEF RECESSION COVID-19 IMPACTS Malpass, David Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda |
| description |
These opening remarks were made by
World Bank Group President David Malpass to G20 Finance
Ministers and Central Bank Governors on the Global Economy
and Health Agenda on July 15, 2022. The report discusses
about the COVID-19 pandemic and now Russia’s invasion of
Ukraine have caused a humanitarian and economic catastrophe.
Recessions are likely in many countries. This will put heavy
new burdens on fiscal deficits and debt markets. Ukraine is
severely affected. The World Bank Group has been using all
our tools to mobilize emergency financing for Ukrainians.
More than 6 billion dollars of this financing has already
been disbursed. The danger for other developing countries is
acute due to inflation, currency depreciation, rising debt
service costs, and the collapse of international reserves.
These problems are severely constraining future growth and
deepening inequality and fragility. The diversion of natural
gas to Europe presents grave obstacles to developing country
production of electricity, food, and fertilizer. Priority
areas identified to complement work by existing institutions
include disease surveillance; laboratory systems; emergency
communication, coordination, and management; critical health
workforce capacities; and community engagement. |
| format |
Speech |
| author |
Malpass, David |
| author_facet |
Malpass, David |
| author_sort |
Malpass, David |
| title |
Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda |
| title_short |
Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda |
| title_full |
Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda |
| title_fullStr |
Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda |
| title_full_unstemmed |
Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda |
| title_sort |
remarks by world bank group president david malpass to g20 finance ministers and central bank governors on the global economy and health agenda |
| publisher |
World Bank, Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099939207202299040/IDU09b20a3260a09091b400e6e6dc78f18 http://hdl.handle.net/10986/37809 |
| _version_ |
1764487909292900352 |