Moderator Thank you for your patience. We should be starting the press conference very soon. Stay tuned.
As we are getting ready for the Press Conference to start, the World Bank Group President had talked about some of the overlapping crises that the world is facing in his pre-Spring Meetings speech from Warsaw, Poland last week. You can read the speech here: www.worldbank.org
Welcome to the 2022 Spring Meetings Opening Press Conference with World Bank Group President David Malpass. We will be starting the press conference soon.
You can follow President Malpass on Twitter: twitter.com
Maoling Xiong, Xinhua News Agency Last week, President Malpass, along with the heads the IMF, the UN WFP, and the WTO called for urgent, coordinated action on food security to help vulnerable countries. How severe is the food problem? Do you expect some kind of international agreement on the issue at the Spring Meetings?
George Wiafe, Joy FM (Ghana) Given the impact of rising food prices due to the Russia-Ukraine War, should Ghana and other countries go for improved revenue mobilization programs now, rather than issuance of Eurobonds to correct their deficit position?
Dmitry Anopchenko, Inter TV (Ukraine) How is the World Bank going to support Ukraine during this challenging time?
Yolanda Morales, El Economista (Mexico) Mr Malpass, the Mexico City Government has said that they asked World Bank for technical support to reactivate the economy. Can you please share with us if it help will cover the inflation shock in our families?
Obinna Chima, Thisday Newspapers (Nigeria) While the World Bank had been advising Nigeria to end petrol subsidy, the country has budgeted N4 trillion for petrol subsidy in 2022, what is your take on that and do you think this will be a drag on the economy?
Youssef Lakhdar, Hespress (Morocco) (Translated from Arabic) Greetings. My question to Mr. Malpass, what should oil importing states (such as Morocco) do at the present time to overcome the repercussions of the Ukrainian crisis?
تحية طيبة للجميع،
سؤالي للسيد مالباس، ما الذي يتوجب على الدول المستوردة للنفط (مثل المغرب) أن تفعل في الوقت الحالي لتجاوز تداعيات الأزمة الروسية الأوكرانية؟
Kosuke Takami Earlier this week, you said that there has been a misallocation of capital by central banks. Can you please clarify as to how you feel they are misallocating capital? ( Kosuke Takami a chief correspondent of NIKKEI)
Erdenechimeg Batbold, Gogo (Mongolia) The World Bank just announced $170 billion crisis response package. How is this financing going to help smaller countries facing debt burden, such as Mongolia, overcome the crises? Can you please provide the details of the plan?
Moderator World Bank Group President David Malpass is delivering his opening remarks.
President Malpass is talking about food security. You can find the World Bank's Food Security Update here: www.worldbank.org
Learn more about the World Bank Group's quick action to support Ukraine - www.worldbank.org
President Malpass mentioned the $170 billion support. Read more about that here:
www.worldbank.org
Here is how the World Bank is supporting countries to access COVID-19 vaccines: www.worldbank.org
You can find the joint statement from the heads of the World Bank Group, IMF, WFP, and WTO on food security here: www.worldbank.org
Yuka Hayashi, WSJ IMF officials have warned about fragmentation of the world economy this week. What would be the impact of such a development on the global economy and developing nations?
Moderator Learn more about the World Bank's work to help countries manage their debt better: www.worldbank.org
You can find more information about the event on Ukraine that is happening tomorrow at 2:30 PM EDT: live.worldbank.org
Learn more about the World Bank's work in Mexico:
www.worldbank.org
Read about the World Bank's efforts to help fight poverty and improve living standards in Nigeria:
www.worldbank.org
Here's where you can find more information about the IDA20 Replenishment:
www.worldbank.org
Read more about the World Bank's work in helping developing countries access markets: www.worldbank.org
You can find the joint statement from the heads of the World Bank Group, IMF, WFP, and WTO on food security here: www.worldbank.org
You can follow President Malpass on Twitter: twitter.com
That's a wrap. Thank you for tuning in to watch the Press Conference. We will have the replay of the event shortly. You can follow the World Bank Group-IMF 2022 Spring Meeting events here: live.worldbank.org
