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OCTOBER 29, 2021
Remarks by World Bank Group President David Malpass at
the G2O Joint Finance and Health Ministerial
Rome
October 29, 2021
Thank you; Ministers Franco and Speranza 
welcome the Italian G20 presidencys efforts
to improve coordination on pandemic preparedness and response:
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As we enter the third year of this health and economic crisis, we are witnessing tragic
reversals in development: Indicators of poverty, growth, inequality, nutrition, education,
climate, and gender equality have all deteriorated:
The stakes are even higher today than in 2020 when COVID struck: Outbreaks continue
even as inflation, energy shortages, and the breakdown of supply chains are causing
another slowdown: Unsustainable debt burdens are weighing on the future investment
climate