Confronting the Economic and Financial Challenges of Covid-19 : A Conversation with World Bank Group President David Malpass

World Bank Group President, David Malpass spoke about how the past four weeks the World Bank has begun to implement twelve billion-dollar package that would enable vaccination systems for countries that otherwise wouldn't have access, and that was the goal. He explained the assessment of the co...

Full description

Bibliographic Details
Main Author:	Malpass, David
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	CORONAVIRUS COVID-19 PANDEMIC RESPONSE DEBT RELIEF DEBT SUSTAINABILITY SOCIAL SAFETY NETS PUBLIC DEBT COVID-19 VACCINATION EDUCATION EMPLOYMENT POVERTY REDUCTION
Online Access:	http://documents.worldbank.org/curated/en/411781608197631845/Confronting-the-Economic-and-Financial-Challenges-of-Covid-19-A-Conversation-with-World-Bank-Group-President-David-Malpass http://hdl.handle.net/10986/34949

id	okr-10986-34949
recordtype	oai_dc
spelling	okr-10986-349492021-04-23T14:02:12Z Confronting the Economic and Financial Challenges of Covid-19 : A Conversation with World Bank Group President David Malpass Malpass, David CORONAVIRUS COVID-19 PANDEMIC RESPONSE DEBT RELIEF DEBT SUSTAINABILITY SOCIAL SAFETY NETS PUBLIC DEBT COVID-19 VACCINATION EDUCATION EMPLOYMENT POVERTY REDUCTION World Bank Group President, David Malpass spoke about how the past four weeks the World Bank has begun to implement twelve billion-dollar package that would enable vaccination systems for countries that otherwise wouldn't have access, and that was the goal. He explained the assessment of the countries and their ability to deliver vaccines. He mentioned one of the big challenges for the world is how to create systems where people that are poor can build assets. One of the most valuable assets that people have is education, and the second is an actual job. The World Bank wants to amplify social safety nets around the world to get cash or other kinds of support to the poor. That has been a challenge. The debt crisis has been a challenge because you can identify countries where the World Bank would put in resources but all of that would go to creditors, and none of it to the people. Once the grace period runs out for Bank loans, in reality it is a loan that is not going to be paid, and some of the banking systems will come under pressure from domestic debt. One of the challenges that the G20 faces is how to get broad debt relief to countries that were over-indebted. He plugged for trade facilitation. The most important thing for economic development is to quickly get things across borders. 2020-12-18T14:48:22Z 2020-12-18T14:48:22Z 2020-12-14 Speech http://documents.worldbank.org/curated/en/411781608197631845/Confronting-the-Economic-and-Financial-Challenges-of-Covid-19-A-Conversation-with-World-Bank-Group-President-David-Malpass http://hdl.handle.net/10986/34949 English Interview at the Center for Strategic and International Studies, December 14, 2020; 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	CORONAVIRUS COVID-19 PANDEMIC RESPONSE DEBT RELIEF DEBT SUSTAINABILITY SOCIAL SAFETY NETS PUBLIC DEBT COVID-19 VACCINATION EDUCATION EMPLOYMENT POVERTY REDUCTION
spellingShingle	CORONAVIRUS COVID-19 PANDEMIC RESPONSE DEBT RELIEF DEBT SUSTAINABILITY SOCIAL SAFETY NETS PUBLIC DEBT COVID-19 VACCINATION EDUCATION EMPLOYMENT POVERTY REDUCTION Malpass, David Confronting the Economic and Financial Challenges of Covid-19 : A Conversation with World Bank Group President David Malpass
relation	Interview at the Center for Strategic and International Studies, December 14, 2020;
description	World Bank Group President, David Malpass spoke about how the past four weeks the World Bank has begun to implement twelve billion-dollar package that would enable vaccination systems for countries that otherwise wouldn't have access, and that was the goal. He explained the assessment of the countries and their ability to deliver vaccines. He mentioned one of the big challenges for the world is how to create systems where people that are poor can build assets. One of the most valuable assets that people have is education, and the second is an actual job. The World Bank wants to amplify social safety nets around the world to get cash or other kinds of support to the poor. That has been a challenge. The debt crisis has been a challenge because you can identify countries where the World Bank would put in resources but all of that would go to creditors, and none of it to the people. Once the grace period runs out for Bank loans, in reality it is a loan that is not going to be paid, and some of the banking systems will come under pressure from domestic debt. One of the challenges that the G20 faces is how to get broad debt relief to countries that were over-indebted. He plugged for trade facilitation. The most important thing for economic development is to quickly get things across borders.
format	Speech
author	Malpass, David
author_facet	Malpass, David
author_sort	Malpass, David
title	Confronting the Economic and Financial Challenges of Covid-19 : A Conversation with World Bank Group President David Malpass
title_short	Confronting the Economic and Financial Challenges of Covid-19 : A Conversation with World Bank Group President David Malpass
title_full	Confronting the Economic and Financial Challenges of Covid-19 : A Conversation with World Bank Group President David Malpass
title_fullStr	Confronting the Economic and Financial Challenges of Covid-19 : A Conversation with World Bank Group President David Malpass
title_full_unstemmed	Confronting the Economic and Financial Challenges of Covid-19 : A Conversation with World Bank Group President David Malpass
title_sort	confronting the economic and financial challenges of covid-19 : a conversation with world bank group president david malpass
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/411781608197631845/Confronting-the-Economic-and-Financial-Challenges-of-Covid-19-A-Conversation-with-World-Bank-Group-President-David-Malpass http://hdl.handle.net/10986/34949
_version_	1764481997546192896

Confronting the Economic and Financial Challenges of Covid-19 : A Conversation with World Bank Group President David Malpass

Similar Items