World Bank Group President David Malpass discussed the Bank's new International Debt Statistics (IDS) report, published on Monday, showing the debt of low-income countries is 860 billion U.S. dollars, up 12 percent. Turning to vaccines, developing countries need 5 billion more doses to vaccinate...

World Bank Group President David Malpass remarked that early in the pandemic, the World Bank Group set out to use aggressive financial programming and leverage to increase commitments as rapidly as possible. The World Bank group used a number of powerful financial programming and leveraging...

World Bank Group President David Malpass remarked that the pandemic added further to the development gap, with many developing countries also suffer from fragility, human rights violations, food insecurity, lack of transparency, weak currencies, inflation, and the unfunded requirements of...

World Bank Group President David Malpass highlighted that in the first year of the pandemic, the World Bank Group committed USD 180 billion to help countries respond to the health, economic, and social impacts of the pandemic. The Bank authorized USD 12 billion to help countries access and...

These remarks were delivered by David Malpass, President of the World Bank Group, at the G20 Leaders Summit held in Osaka, Japan. He spoke about how giving women better access to economic opportunities is critical to eliminate differences in living standards between men and women. He highlighted...

World Bank Group President David Malpass spoke about the pandemic that is having severe economic and health impacts around the world, and how the food sector is critical. He mentioned that the Coronavirus (COVID-19) has exposed long-standing problems in the global food system. He highlighted on...

World Bank Group President David Malpass spoke about the recession in advanced economies that is less severe than had been feared, but in most developing economies, it has become a depression, especially for the poorest. The World Bank Group was able to launch health emergency programs in one...

World Bank Group President David Malpass said that while some countries are recovering, the pandemic is still taking a terrible toll, with poverty levels rising sharply. He highlighted on the health emergency response programs in one hundred twelve countries using a fast-track mechanism that is...