THE WORLD BANK WHO WE ARE WHATWE DO WHERE WE WORK UNDERSTANDING POVERTY WORK WITHUS COVID49 IBRD - Who We Are News SPEECHES & TRANsCRIPTS OCTOBER 29, 2021 Remarks by World Bank Group President David Malpass at the G20 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: 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 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 gender