Chairman Addison, thank you for your remarks. And thank you, Governors, Kristalina, and distinguished guests for joining us today. I wanted to provide an update on what the World Bank Group (WBG) has accomplished since last year’s Annual Meetings, particularly our response to COVID-19 and progress made on debt transparency.
The COVID-19 pandemic’s toll has been enormous, and people in the poorest countries are likely to suffer the longest and hardest. The crisis has knocked more economies into simultaneous recession than at any time since 1870, and it could lead to a lost decade characterized by weak growth, a collapse in many health and education systems, and a new round of sovereign-debt crises.
In response, our approach at the World Bank Group has been comprehensive. We are focused on saving lives, protecting the poor and vulnerable, working toward sustainable business growth, and rebuilding in better ways.
Today, I’m going to focus on the four most urgent aspects of this work. Full Speech