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Remarks by World Bank Group President David Malpass to the Summit of the Heads of State of the Central African Economic and Monetary Community (英语)

This report discusses the remarks delivered by the World Bank Group President David Malpass to the Summit of the Heads of State of the Central African Economic and Monetary Community (CEMAC) on August 18, 2021. He expressed his condolences on the death of President Deby to his son and the Chadian people. He said that deep structural reforms are needed now more than ever to secure social cohesion and put the region on a sustainable and more inclusive development path. He spoke that against this difficult backdrop, the World Bank Group has maintained a long-standing partnership with CEMAC and its individual members, providing a range of support including investment programs, budget support, advisory services, and technical assistance. He expressed about providing Coronavirus (COVID-19) vaccine financing, and are ready to increase it. In addition, the World Bank is partnering with the African Union to support the Africa Vaccine Acquisition Trust (AVAT) with resources to purchase and deploy single-dose vaccines for up to four hundred million people across Africa. He insisted that debt transparency and sustainability will be vital to a sustained recovery and attracting new investment. He spoke about the lasting debt relief needed to encourage investment and growth, and are working toward a strong G20 Common Framework for Debt Treatment. He wanted also to underscore the crucial role of continued and large IDA net positive flows, which provide vital grants and zero-interest loans. He said that the World Bank Group and IMF are working closely with CEMAC countries to shape new policy programs, projects and incentive structures. He mentioned on the key reform areas in governance and transparency likely have the biggest potential of boosting private sector growth. He spoke about two critical paths to help strengthen implementation of reforms and policies going forward. He concluded by saying that this day's summit and its strong political endorsement for the next phase of regional structural reforms is thus critical for the emergence of a more sustainable and more inclusive growth path for CEMAC in the future.

详细

  • 作者

    Malpass,David

  • 文件日期

    2021/08/18

  • 文件类型

    行长讲话

  • 报告号

    163094

  • 卷号

    1

  • Total Volume(s)

    1

  • 国家

    世界,

  • 地区

    世界区域,

  • 发布日期

    2021/08/19

  • Disclosure Status

    Disclosed

  • 文件名称

    Remarks by World Bank Group President David Malpass to the Summit of the Heads of State of the Central African Economic and Monetary Community

  • 关键词

    Social Safety Nets; human capital; debt relief; oil price decline; Private Sector Growth; loss of job; primary health care; million people; debt level; reform effort; policy program; incentive structure; concessional financing; commercial creditor; new investment; Donor Contribution; discount rate; full participation; health emergency; fiscal space; debt service; liquidity support; trade opportunity; better education; internal trade; health crises; Natural Resources; cross-border trade; Intra-regional Trade; professional training; market relevance; digital infrastructure; commercial court; macroeconomic stabilization; Collateral Registries; business growth; financial oversight; public fund; monetary policy; inclusive growth; direct financing; living standard; monetary system; advanced economy; external imbalance; social cohesion; inclusive development; investment program; budget support; Advisory services; pandemic start; digital service; Vaccines

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