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...

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Main Author: Malpass, David
Format: Speech
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
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
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