Remarks at the Western and Central Africa Regional Media Roundtable

World Bank Group President David Malpass spoke about the Coronavirus (COVID-19) pandemic that has taken a toll on African lives, economies, and livelihoods. The World Bank intends to invest and mobilize about $150 billion over the next five years in Africa to support the continent’s recovery from th...

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Main Author:	Malpass, David
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	FRAGILE AND CONFLICT AFFECTED STATES CLIMATE CHANGE DEBT RELIEF ECONOMIC RECOVERY PANDEMIC RESPONSE COVID-19 VACCINATION DEBT SUSPENSION DEBT REDUCTION DEBT RESOLUTION DEBT TRANSPARENCY SOCIAL SAFETY NET
Online Access:	http://documents.worldbank.org/curated/en/739001621938010325/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Western-and-Central-Africa-Regional-Media-Roundtable http://hdl.handle.net/10986/35677

id	okr-10986-35677
recordtype	oai_dc
spelling	okr-10986-356772021-06-05T05:10:58Z Remarks at the Western and Central Africa Regional Media Roundtable Malpass, David FRAGILE AND CONFLICT AFFECTED STATES CLIMATE CHANGE DEBT RELIEF ECONOMIC RECOVERY PANDEMIC RESPONSE COVID-19 VACCINATION DEBT SUSPENSION DEBT REDUCTION DEBT RESOLUTION DEBT TRANSPARENCY SOCIAL SAFETY NET World Bank Group President David Malpass spoke about the Coronavirus (COVID-19) pandemic that has taken a toll on African lives, economies, and livelihoods. The World Bank intends to invest and mobilize about $150 billion over the next five years in Africa to support the continent’s recovery from the pandemic and its long-term development. He urged countries that expect to have excess vaccine supplies to release their excess as soon as possible to developing countries that have delivery programs in place. He emphasized the need for greater transparency in contracts between governments, pharmaceutical companies, and organizations that are involved in vaccine production and delivery so that financing can be directed effectively, and countries can plan for receipt and deployment. The World Bank yesterday launched a comprehensive online portal that provides easy access to information about their projects, including individual country-financing operations. He spoke about comprehensive debt solutions which will involve at least four elements: debt suspension, debt reduction, debt resolution, and debt transparency. He stated that without private creditors fully onboard, the Common Framework will not deliver a sustainable solution for Chad, Ethiopia, or Zambia. As countries work to recover, tackling climate change will be key for the region. The Bank is also working to address fragility, conflict, and violence. He concluded that while we know that the road to recovery will be long, countries in the region have applied lessons from previous crisis such as the West Africa Ebola outbreak in 2014, and many countries have strengthened their social safety nets to help protect the poor that have been most affected by the crisis, and to move faster on key reforms and investments that will be crucial for long-term development. 2021-06-04T15:34:38Z 2021-06-04T15:34:38Z 2021-05-20 Speech http://documents.worldbank.org/curated/en/739001621938010325/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Western-and-Central-Africa-Regional-Media-Roundtable http://hdl.handle.net/10986/35677 English Delivered May 20, 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 Western and Central (AFW) Central Africa West Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	FRAGILE AND CONFLICT AFFECTED STATES CLIMATE CHANGE DEBT RELIEF ECONOMIC RECOVERY PANDEMIC RESPONSE COVID-19 VACCINATION DEBT SUSPENSION DEBT REDUCTION DEBT RESOLUTION DEBT TRANSPARENCY SOCIAL SAFETY NET
spellingShingle	FRAGILE AND CONFLICT AFFECTED STATES CLIMATE CHANGE DEBT RELIEF ECONOMIC RECOVERY PANDEMIC RESPONSE COVID-19 VACCINATION DEBT SUSPENSION DEBT REDUCTION DEBT RESOLUTION DEBT TRANSPARENCY SOCIAL SAFETY NET Malpass, David Remarks at the Western and Central Africa Regional Media Roundtable
geographic_facet	Africa Africa Western and Central (AFW) Central Africa West Africa
relation	Delivered May 20, 2021;
description	World Bank Group President David Malpass spoke about the Coronavirus (COVID-19) pandemic that has taken a toll on African lives, economies, and livelihoods. The World Bank intends to invest and mobilize about $150 billion over the next five years in Africa to support the continent’s recovery from the pandemic and its long-term development. He urged countries that expect to have excess vaccine supplies to release their excess as soon as possible to developing countries that have delivery programs in place. He emphasized the need for greater transparency in contracts between governments, pharmaceutical companies, and organizations that are involved in vaccine production and delivery so that financing can be directed effectively, and countries can plan for receipt and deployment. The World Bank yesterday launched a comprehensive online portal that provides easy access to information about their projects, including individual country-financing operations. He spoke about comprehensive debt solutions which will involve at least four elements: debt suspension, debt reduction, debt resolution, and debt transparency. He stated that without private creditors fully onboard, the Common Framework will not deliver a sustainable solution for Chad, Ethiopia, or Zambia. As countries work to recover, tackling climate change will be key for the region. The Bank is also working to address fragility, conflict, and violence. He concluded that while we know that the road to recovery will be long, countries in the region have applied lessons from previous crisis such as the West Africa Ebola outbreak in 2014, and many countries have strengthened their social safety nets to help protect the poor that have been most affected by the crisis, and to move faster on key reforms and investments that will be crucial for long-term development.
format	Speech
author	Malpass, David
author_facet	Malpass, David
author_sort	Malpass, David
title	Remarks at the Western and Central Africa Regional Media Roundtable
title_short	Remarks at the Western and Central Africa Regional Media Roundtable
title_full	Remarks at the Western and Central Africa Regional Media Roundtable
title_fullStr	Remarks at the Western and Central Africa Regional Media Roundtable
title_full_unstemmed	Remarks at the Western and Central Africa Regional Media Roundtable
title_sort	remarks at the western and central africa regional media roundtable
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/739001621938010325/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-Western-and-Central-Africa-Regional-Media-Roundtable http://hdl.handle.net/10986/35677
_version_	1764483554186625024

Remarks at the Western and Central Africa Regional Media Roundtable

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