Remarks at the G20 Finance Ministers and Central Bank Governors Meeting Held during the 2021 Annual Meetings
World Bank Group President David Malpass discussed the Bank’s new International Debt Statistics (IDS) report, published on Monday, showing the debt of low-income countries is 860 billion U.S. dollars, up 12 percent. Turning to vaccines, developing countries need 5 billion more doses to vaccinate 70...
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| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/904301634621475746/Remarks-by-World-Bank-Group-President-David-Malpass-at-the-G20-Finance-Ministers-and-Central-Bank-Governors-Meeting-Held-During-the-2021-Annual-Meetings http://hdl.handle.net/10986/36490 |
| Summary: | World Bank Group President David Malpass discussed the Bank’s new International Debt Statistics (IDS) report, published on Monday, showing the debt of low-income countries is 860 billion U.S. dollars, up 12 percent. Turning to vaccines, developing countries need 5 billion more doses to vaccinate 70 percent of their population by the middle of next year. Some urgent steps are needed: (i) swapping near-term vaccine delivery schedules with COVAX and AVAT; (ii) closing the gap between pledges and deliveries; and (iii) eliminating trade and regulatory barriers. Finance and health ministers in developing countries should also seek contracts that include early delivery schedules. |
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