World Bank President David Malpass concludes Annual Meetings with message of hope Updated for 2021

82,110FansLike
2,966FollowersFollow
2,690SubscribersSubscribe
82,110FansLike
3,122FollowersFollow
2,690SubscribersSubscribe

Updated: March 1, 2021

The World Bank President David Malpass on Saturday concluded the 2019 World Bank and International Monetary Fund Annual Meetings with a message of hope contained in a four-paragraph statement.

“Discussions this week have been focused on challenges in the global economy. Growth is slowing, investment is sluggish, manufacturing activity is soft, and trade is weakening. Climate change and fragility are making poor countries more vulnerable. But the good news is, broad-based growth is still possible,” Mr. Malpass said in Washington, D.C.

[read_more id="2" more="Read full article" less="Read less"]

“My message to our shareholders has been simple: The choices you make now matter. With the right mix of policies and structural reforms, countries can unleash growth that is both sustainable and broadly shared across all segments of society.  This is especially true in emerging markets and developing countries, where well-designed reforms can deliver meaningful gains.

World Bank President David Malpass

“To help make this happen, we at the World Bank Group are staying focused on our mission. We’re helping countries build strong programs, tailored to the unique circumstances of their economies. We’re encouraging innovations that attract private sector investment, such as digital money. We’re promoting the rule of law, and transparency, and debt management in public finances. We’re investing to help countries gain access to electricity and clean water, to ensure the full inclusion of girls and women, to address climate change and protect the environment, to improve health and nutrition, and to bolster infrastructure.

“We cannot let today’s challenges be a roadblock to better development outcomes.”

[/read_more]

Today News Africa
Today News Africahttps://todaynewsafrica.com
Today News Africa is a US-based international news organization focused on US-Africa policy and breaking news. Our goal is to provide truthful and exclusive stories to a diverse audience across North America and the African Continent. Subscribe to our news page at https://todaynewsafrica.com/ and Follow us on Twitter @todaynewsafrica

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

TRENDING

Confidential U.S. government report concludes Ethiopia Prime Minister Abiy Ahmed leading ethnic cleansing in Tigray region

A confidential U.S. government report has concluded that the government of Prime Minister Abiy Ahmed in Ethiopia along with allied militia fighters are leading a systematic campaign of ethnic cleansing in Tigray."Whole villages were severely damaged or completely erased," the report, first obtained by The New York Times, says.It adds that fighters from the neighboring Amhara region of Ethiopia who moved to Tigray...

Stay connected

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

error: Alert: Content is protected !!
Share
Tweet
Reddit
Pocket
Share
More