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2022 Annual Meetings Opening Press Conference

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A complex and interwoven set of historic challenges – COVID-19, war in Ukraine, high inflation, and food shortages – is having a devastating impact on the poor around the world. President David Malpass talked about the crisis of development facing the world and what the World Bank Group is doing to help countries confront it. He took questions from international media representatives covering the 2022 Annual Meetings.

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00:00 Welcome! Annual Meetings | Opening Press Conference
00:52 Opening remarks by WBG President David Malpass
06:02 Global recession and impact on low-income economies
08:26 Policy recommendations for Sub-Saharan Africa
11:38 Support for Egypt
15:39 Key risks to the global economic outlook and their impact on small economies
17:30 Ensuring the entry of public and private investments in Ukraine
19:45 Nigeria: Debt stance / Energy subsidies
23:29 Support to countries other than Ukraine
27:51 Potential expansion of bank lending capacity / Capital adequacy frameworks
31:34 Poverty alleviation, digitization, and cash transfers
33:34 Fossil fuel infrastructure
35:05 Closure