The President of the World Bank, David Malpasssaid on Friday that the risk of a US default is adding to the problems facing the slowing global economy, as rising rates and high debt levels are already holding back the investments needed to boost higher production. Those responsible for Finance Group of Seven (G7)meeting in Japan, […]
Tag: David Malpass
World Bank president sees “convergences” on debt and reforms
The president of the world Bank (BM) affirmed this Thursday that it was “satisfied” with the “convergences” between the main members of the entity on issues such as the intervention capacity of international financial institutions (IFIs) or the restructuring of the debt of developing countries. “There is convergence on how to strengthen financial capacity. This […]
Four years is a long time, says former World Bank chief of unexpected departure
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The president of the world BankPresident David Malpass told Reuters on Thursday that he decided to leave the bank before the end of his five-year term because he believed work was on the right track on reforms aimed at expanding lending. In his first interview since announcing his departure on Wednesday, the former Bear Stearns […]
World Bank President asks China to participate “fully” in debt relief to poor countries
Updated on 01/11/2022 02:38 pm The president of the World Bank (WB), David Malpass, urged China, one of the main creditors of poor countries, to participate “fullyIn debt relief efforts. “Many countries now face record levels of foreign and domestic debt as interest rate hikes begin”Said the head of the Washington-based institution. About 60% of […]