Remarks by World Bank Group President David Malpass on Joint Press Conference Statement (Arabe)

These remarks were delivered by World Bank Group President David Malpass on Joint Press Conference Statement on November 21, 2019. We had constructive discussions about the challenges facing China’s economy and the global economy. In our meetings, President...  Voir la suite These remarks were delivered by World Bank Group President David Malpass on Joint Press Conference Statement on November 21, 2019. We had constructive discussions about the challenges facing China’s economy and the global economy. In our meetings, President commended the Premier and China’s leaders for past reforms and the many important ones still underway. China began a very important opening process in 1978. Liberalization of agriculture allowed China to experience one of the highest agricultural growth rates in the world. Reforms accelerated in the 1990s with the unification and stabilization of the RMB, with price liberalization and with improved regulation of financial sector excesses. Despite periods of excessive debt, structural reforms allowed sustained fast growth. This paid big dividends for the people of China, allowing nearly a billion people to rise above poverty and the nation to achieve remarkable gains in GDP and median income. More reforms are underway. Fast, broad-based growth is hard to achieve but is vital for reducing inequality and building higher living standards. For fast growth to be sustainable, countries need strong institutions to foster innovation, ensure tolerance, and administer the rule of law. The World Bank engagement with China has evolved to support these goals. Working cooperatively with several ministries, we’re pursuing a greater focus on institutional reforms; strengthening market forces; improving China’s stewardship of global public goods such as oceans, rivers, fisheries and air quality; and joining China in sharing the knowledge gained from its rapid economic advance. As a vibrant economy, China is also an important global participant and increasingly significant provider of development financing. To add value in this area requires strong commitments to debt transparency. This will bolster accountability, foster private investment in developing countries, and reinforce safeguards against financial crises. In this regard, President welcome China’s financial support for the World Bank, and especially for the International Development Agency (IDA). IDA is the World Bank’s fund for the world’s poorest. It will be replenished in three weeks. The replenishment will direct more funding toward people in fragile countries and reaffirms the world’s commitment to job creation, climate issues, gender, and innovation. We are gratified by China’s active participation in this IDA replenishment. Through the IDA platform and other international cooperation, we look forward to working with China and other partners to achieve good development outcomes that are durable and improve the lives of people across the developing world.  Réduire

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