Remarks at Media Roundtable during Annual Meetings 2021

World Bank Group President David Malpass discussed a broad range of development issues, including the economic outlook, growth, vaccines, debt, climate, and trade. World Bank financing operations will be addressed at the annual meeting as well as our climate change action plan, which aims to help re...

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Bibliographic Details
Main Author:	Malpass, David
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	ECONOMIC OUTLOOK CLIMATE CHANGE ACTION PLAN DEBT SUSTAINABILITY COVID-19 VACCINATION GREENHOUSE GAS EMISSIONS CLIMATE CHANGE MITIGATION DEBT DISTRESS DEBT TRANSPARENCY
Online Access:	http://documents.worldbank.org/curated/undefined/622731634617128908/Remarks-by-World-Bank-Group-President-David-Malpass-at-Roundtable-during-Annual-Meetings-2021 http://hdl.handle.net/10986/36487

id	okr-10986-36487
recordtype	oai_dc
spelling	okr-10986-364872021-11-05T05:10:45Z Remarks at Media Roundtable during Annual Meetings 2021 Malpass, David ECONOMIC OUTLOOK CLIMATE CHANGE ACTION PLAN DEBT SUSTAINABILITY COVID-19 VACCINATION GREENHOUSE GAS EMISSIONS CLIMATE CHANGE MITIGATION DEBT DISTRESS DEBT TRANSPARENCY World Bank Group President David Malpass discussed a broad range of development issues, including the economic outlook, growth, vaccines, debt, climate, and trade. World Bank financing operations will be addressed at the annual meeting as well as our climate change action plan, which aims to help reduce greenhouse gas (GHG) emissions and improve adaptation. We expect global growth of 5.7 percent in 2021 and 4.4 percent in 2022, these are very similar to our projections in the June Global Economic Prospects report. Incoming high-frequency data point to slowing momentum in global activity amid persistent supply chain bottlenecks and COVID-19 surges. Moreover, the global recovery remains dramatically uneven. The outlook is challenging for much of the developing world with lagging vaccination rates, rising inflation, limited policy support, too few jobs, and shortages that extend to food, water, and electricity. As of mid-2021, over half of IDA countries, those are the world’s poorest countries, are in external debt distress or at high risk of it. A comprehensive approach, including debt reduction, swifter restructuring and more transparency is needed to help countries assess and manage their external debt risks and work toward sustainable debt levels and terms. These are fundamental to supporting health systems, education, and infrastructure and creating growth, investment, and prosperity. Enhanced and accelerated implementation of the Common Framework will be critical in achieving this much-needed debt transparency and sustainability. 2021-11-04T19:41:07Z 2021-11-04T19:41:07Z 2021-10-11 Speech http://documents.worldbank.org/curated/undefined/622731634617128908/Remarks-by-World-Bank-Group-President-David-Malpass-at-Roundtable-during-Annual-Meetings-2021 http://hdl.handle.net/10986/36487 English Delivered October 11, 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
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC OUTLOOK CLIMATE CHANGE ACTION PLAN DEBT SUSTAINABILITY COVID-19 VACCINATION GREENHOUSE GAS EMISSIONS CLIMATE CHANGE MITIGATION DEBT DISTRESS DEBT TRANSPARENCY
spellingShingle	ECONOMIC OUTLOOK CLIMATE CHANGE ACTION PLAN DEBT SUSTAINABILITY COVID-19 VACCINATION GREENHOUSE GAS EMISSIONS CLIMATE CHANGE MITIGATION DEBT DISTRESS DEBT TRANSPARENCY Malpass, David Remarks at Media Roundtable during Annual Meetings 2021
relation	Delivered October 11, 2021;
description	World Bank Group President David Malpass discussed a broad range of development issues, including the economic outlook, growth, vaccines, debt, climate, and trade. World Bank financing operations will be addressed at the annual meeting as well as our climate change action plan, which aims to help reduce greenhouse gas (GHG) emissions and improve adaptation. We expect global growth of 5.7 percent in 2021 and 4.4 percent in 2022, these are very similar to our projections in the June Global Economic Prospects report. Incoming high-frequency data point to slowing momentum in global activity amid persistent supply chain bottlenecks and COVID-19 surges. Moreover, the global recovery remains dramatically uneven. The outlook is challenging for much of the developing world with lagging vaccination rates, rising inflation, limited policy support, too few jobs, and shortages that extend to food, water, and electricity. As of mid-2021, over half of IDA countries, those are the world’s poorest countries, are in external debt distress or at high risk of it. A comprehensive approach, including debt reduction, swifter restructuring and more transparency is needed to help countries assess and manage their external debt risks and work toward sustainable debt levels and terms. These are fundamental to supporting health systems, education, and infrastructure and creating growth, investment, and prosperity. Enhanced and accelerated implementation of the Common Framework will be critical in achieving this much-needed debt transparency and sustainability.
format	Speech
author	Malpass, David
author_facet	Malpass, David
author_sort	Malpass, David
title	Remarks at Media Roundtable during Annual Meetings 2021
title_short	Remarks at Media Roundtable during Annual Meetings 2021
title_full	Remarks at Media Roundtable during Annual Meetings 2021
title_fullStr	Remarks at Media Roundtable during Annual Meetings 2021
title_full_unstemmed	Remarks at Media Roundtable during Annual Meetings 2021
title_sort	remarks at media roundtable during annual meetings 2021
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/undefined/622731634617128908/Remarks-by-World-Bank-Group-President-David-Malpass-at-Roundtable-during-Annual-Meetings-2021 http://hdl.handle.net/10986/36487
_version_	1764485350527336448

Remarks at Media Roundtable during Annual Meetings 2021

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