Remarks at the Spring Meetings 2020 Press Conference

David Malpass, President of the World Bank Group, spoke at the 2020 Spring meetings virtual press conference. He discussed the joint efforts of the IMF and the Bank in support of member countries, especially the poorest and most vulnerable. He reviewed how the G20 joint call focused upon a suspensio...

Full description

Bibliographic Details
Main Author:	Malpass, David
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	DEBT SERVICE COVID-19 CORONOAVIRUS PANDEMIC RESPONSE IDA CONCESSIONAL FINANCE DEBT RELIEF GLOBAL RECESSION IDA GRANTS WORLD BANK GROUP PORTFOLIO INTERNATIONAL FINANCE CORPORATION MIGA IFC IFC PORTFOLIO DIGITAL FINANCE CASH TRANSFERS SME FINANCE
Online Access:	http://documents.worldbank.org/curated/en/363001587461546302/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Spring-Meetings-2020-Press-Conference http://hdl.handle.net/10986/33644

id	okr-10986-33644
recordtype	oai_dc
spelling	okr-10986-336442021-05-25T09:36:17Z Remarks at the Spring Meetings 2020 Press Conference Malpass, David DEBT SERVICE COVID-19 CORONOAVIRUS PANDEMIC RESPONSE IDA CONCESSIONAL FINANCE DEBT RELIEF GLOBAL RECESSION IDA GRANTS WORLD BANK GROUP PORTFOLIO INTERNATIONAL FINANCE CORPORATION MIGA IFC IFC PORTFOLIO DIGITAL FINANCE CASH TRANSFERS SME FINANCE David Malpass, President of the World Bank Group, spoke at the 2020 Spring meetings virtual press conference. He discussed the joint efforts of the IMF and the Bank in support of member countries, especially the poorest and most vulnerable. He reviewed how the G20 joint call focused upon a suspension in debt service payments to bilateral creditors during the crisis. The World Bank Group has taken fast, broad-based action in response to COVID-19. IDA, the part of the World Bank that makes grants and very concessional credits, will provide over fifty billion US dollars in new resources, and that IDA countries will have bilateral debt service relief beginning May 1, 2020. He warned of a major global recession, and how the World Bank Group is responding forcefully and massively, especially for the IDA countries, the poorest countries, involving significant increases in the highly concessional financing and grants. The International Finance Corporation is working very actively with companies to try to keep them open. The World Bank is looking for ways to do cash transfers through digital financial service systems. The World Bank also aim to aid governments to support small and medium-sized enterprises. 2020-04-24T14:25:40Z 2020-04-24T14:25:40Z 2020-04-17 Speech http://documents.worldbank.org/curated/en/363001587461546302/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Spring-Meetings-2020-Press-Conference http://hdl.handle.net/10986/33644 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC 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 SERVICE COVID-19 CORONOAVIRUS PANDEMIC RESPONSE IDA CONCESSIONAL FINANCE DEBT RELIEF GLOBAL RECESSION IDA GRANTS WORLD BANK GROUP PORTFOLIO INTERNATIONAL FINANCE CORPORATION MIGA IFC IFC PORTFOLIO DIGITAL FINANCE CASH TRANSFERS SME FINANCE
spellingShingle	DEBT SERVICE COVID-19 CORONOAVIRUS PANDEMIC RESPONSE IDA CONCESSIONAL FINANCE DEBT RELIEF GLOBAL RECESSION IDA GRANTS WORLD BANK GROUP PORTFOLIO INTERNATIONAL FINANCE CORPORATION MIGA IFC IFC PORTFOLIO DIGITAL FINANCE CASH TRANSFERS SME FINANCE Malpass, David Remarks at the Spring Meetings 2020 Press Conference
description	David Malpass, President of the World Bank Group, spoke at the 2020 Spring meetings virtual press conference. He discussed the joint efforts of the IMF and the Bank in support of member countries, especially the poorest and most vulnerable. He reviewed how the G20 joint call focused upon a suspension in debt service payments to bilateral creditors during the crisis. The World Bank Group has taken fast, broad-based action in response to COVID-19. IDA, the part of the World Bank that makes grants and very concessional credits, will provide over fifty billion US dollars in new resources, and that IDA countries will have bilateral debt service relief beginning May 1, 2020. He warned of a major global recession, and how the World Bank Group is responding forcefully and massively, especially for the IDA countries, the poorest countries, involving significant increases in the highly concessional financing and grants. The International Finance Corporation is working very actively with companies to try to keep them open. The World Bank is looking for ways to do cash transfers through digital financial service systems. The World Bank also aim to aid governments to support small and medium-sized enterprises.
format	Speech
author	Malpass, David
author_facet	Malpass, David
author_sort	Malpass, David
title	Remarks at the Spring Meetings 2020 Press Conference
title_short	Remarks at the Spring Meetings 2020 Press Conference
title_full	Remarks at the Spring Meetings 2020 Press Conference
title_fullStr	Remarks at the Spring Meetings 2020 Press Conference
title_full_unstemmed	Remarks at the Spring Meetings 2020 Press Conference
title_sort	remarks at the spring meetings 2020 press conference
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/363001587461546302/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Spring-Meetings-2020-Press-Conference http://hdl.handle.net/10986/33644
_version_	1764479208520679424

Remarks at the Spring Meetings 2020 Press Conference

Similar Items