These remarks were delivered by World Bank Group President David Malpass at the G20 Joint Finance and Health Ministerial on October 29, 2021. He discusses: as we enter the third year of this health and economic crisis, we are witnessing tragic reversals in development. Indicators of poverty, growth, inequality, nutrition, education, climate, and gender equality have all deteriorated. The stakes are even higher today than in 2020 when COVID struck. Outbreaks continue, even as inflation, energy shortages, and the breakdown of supply chains are causing another slowdown. Unsustainable debt burdens are weighing on the future investment climate. Advanced economies have benefited from the recovery, but per capita incomes in developing countries have barely risen from the COVID trough. Our immediate priority remains to accelerate vaccine supplies to developing countries, which are finding themselves at the back of the delivery queue. Both IDA and IBRD have the capacity to provide surge financing in times of crisis through an array of pre-arranged financing tools. We also have staff on the ground who provide real time support and apply our global experience and knowledge. We aggressively frontloaded IDA19, which proved to be one of the most effective tools during the COVID crisis.
Details
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Author
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Document Date
2021/10/29
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Document Type
President's Speech
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Report Number
165801
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2021/11/02
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Disclosure Status
Disclosed
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Doc Name
Remarks by World Bank Group President David Malpass at the G20 Joint Finance and Health Ministerial
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Keywords
pandemic preparedness; fund for health; million people; per capita income; indicators of poverty; child vaccination; school closure; Crisis Preparedness; basic text; global experience; Gender Equality; real time; vaccine supply; vaccine delivery; direct contracting; economic crisis; financing package; financing tool; health interventions; energy shortage; supply chain; debt burden; future investment; advanced economy; health systems; human capital; living memory; Health Service
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Citation
Malpass,David
Remarks by World Bank Group President David Malpass at the G20 Joint Finance and Health Ministerial (English). Presidential speech Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/171741635832162751/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-G20-Joint-Finance-and-Health-Ministerial