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Remarks During Press Call on 100 Countries Milestone for COVID-19 (Coronavirus) Emergency Health Support / David Malpass.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Malpass, David.
- Series:
- Speeches of World Bank Presidents.
- World Bank e-Library.
- Speeches of World Bank Presidents
- Language:
- English
- Subjects (All):
- Business Cycles and Stabilization Policies.
- Coronavirus.
- COVID-19.
- Disease Control and Prevention.
- Economic Recovery.
- Employment and Unemployment.
- Finance and Financial Sector Development.
- Governance.
- Health, Nutrition and Population.
- International Governmental Organizations.
- Living Standards.
- Macroeconomics and Economic Growth.
- Poverty Reduction.
- Services and Transfers to Poor.
- Social Protections and Labor.
- Trade Finance.
- Local Subjects:
- Business Cycles and Stabilization Policies.
- Coronavirus.
- COVID-19.
- Disease Control and Prevention.
- Economic Recovery.
- Employment and Unemployment.
- Finance and Financial Sector Development.
- Governance.
- Health, Nutrition and Population.
- International Governmental Organizations.
- Living Standards.
- Macroeconomics and Economic Growth.
- Poverty Reduction.
- Services and Transfers to Poor.
- Social Protections and Labor.
- Trade Finance.
- Other Title:
- Remarks During Press Call on 100 Countries Milestone for COVID-19
- Place of Publication:
- Washington, D.C. : The World Bank, 2020.
- System Details:
- data file
- Summary:
- David Malpass, President of the World Bank, discussed the severe health and economic impacts that the Coronavirus 2019 (COVID-19) pandemic and shut down have inflicted on developing countries. The World Bank Group's goal was to provide rapid, flexible responses to developing countries. That's a way to protect the poorest, by providing cash and other expandable support on debt, also to maintain the private sector and bolster the economic recovery. He announced that the World Bank Group will finance emergency programs in 100 countries - that's home to 70 percent of the world's population. The programs are tailored to the countries to effectively respond to the health, economic, and social shocks that that country are facing. On May 1 the Bank marked the start of an official bilateral debt payment suspension for International Development Association (IDA) countries, those that request forbearance. It is an initiative launched with the International Monetary Fund (IMF's) Managing Director in March and it was quickly endorsed by the G20 countries.
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