WORLD BANK / MALPASS PRESSER

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17-Apr-2020 00:02:59
World Bank Group President David Malpass addressed global news media during the World Bank Group/International Monetary Fund’s 2020 Spring Meetings, which are this year being held in a virtual format due to the ongoing COVID-19 pandemic. WORLD BANK

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STORY: WORLD BANK / MALPASS PRESSER
TRT: 2:59
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 17 APRIL 2020, WASHINGTON DC

SHOTLIST:

FILE – WASHINGTON DC

1. Pan right, World Bank building exterior

17 APRIL 2020, WASHINGTON DC

2. SOUNDBITE (English) David Malpass, President, World Bank Group:
“Our program is based around three pillars: protecting the poorest; supporting jobs and saving jobs, IFC and MIGA are very engaged in that effort; and also helping developing countries implement emergency health operations, in order to strengthen economic resilience going forward.”

FILE – WASHINGTON DC

3. Wide shot, World Bank building exterior

17 APRIL 2020, WASHINGTON DC

4. SOUNDBITE (English) David Malpass, President, World Bank Group:
“I was pleased earlier this week that the G20 took up our joint call to provide a suspension in debt services – in debt service to bilateral creditors during the crisis. Kristalina and I worked hard on this and supported it; and are very happy to see it done. It’s a powerful, fast-acting initiative that can bring real benefits to the poor.”

FILE – WASHINGTON DC

5. Pan right, World Bank building exterior

17 APRIL 2020, WASHINGTON DC

6. SOUNDBITE (English) David Malpass, President, World Bank Group:
“As the pandemic unfolds, disruptions in domestic food supply chains are emerging as a pressing issue in many countries. You’re all aware of the locust crisis in East Africa, which also hitting the food supply. And, we’ve been working on labor shortages – are becoming an issue affecting trade and logistics. The loss of income and jobs is reducing people’s ability to even afford or buy food, and so we have a double problem of both the supply and demand sides being disrupted in such a critical area as food and agricultural supply chains.”

FILE – WASHINGTON DC

7. Wide shot, World Bank building exterior

17 APRIL 2020, WASHINGTON DC

8. SOUNDBITE (English) David Malpass, President, World Bank Group:
“Our estimates suggest a much deeper downturn than the Great Recession and we are responding forcefully and massively.”

FILE – WASHINGTON DC

9. Pan right, World Bank building exterior

17 APRIL 2020, WASHINGTON DC

10. SOUNDBITE (English) David Malpass, President, World Bank Group:
“In response to COVID-19, the World Bank Group has focused on taking fast, broad-based action. That’s what I wanted us to achieve. It’s resulted in new health emergency programs in over 100 countries by the end of April. We have 64 in operation today, and we’ll have more by the end of April- going over 100, I hope. The World Bank Group will work to deploy as much as $160bn over the next 15 months. It’s tailored to the nature of the health, economic, and social shocks that countries are facing.”

FILE – WASHINGTON DC

11. Wide shot, World Bank building exterior

STORYLINE:

World Bank Group President David Malpass addressed global news media during the World Bank Group/International Monetary Fund’s 2020 Spring Meetings, which are this year being held in a virtual format due to the ongoing COVID-19 pandemic.

Malpass warned that the World Bank’s calculations, “suggest a much deeper downturn than the Great Recession”, but added that the institution is, “responding forcefully and massively."

He also warned of the pandemic’s impacts on “domestic food supply chains”, warning that it was a “pressing issue."

Speaking via video conference today (17 Apr), he outlined the World Bank’s “fast, broad-based” response to the pandemic, which aims to provide “new health emergency programs in over 100 countries by the end of April."

The World Bank Group President also welcomed a decision by the G20 to suspend bilateral debt payments by the world’s poorest countries, saying that he and IMF Managing Director Kristalina Georgieva, “are very happy to see it done”, and that, “it’s a powerful, fast-acting initiative that can bring real benefits to the poor.”
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WORLD BANK
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unifeed200417h
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2543297