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World

Malpass says G7 discussed vaccinations, climate, inequality, debt reduction

  • Malpass said he highlighted the World Bank's vaccination programs, a 65% increase in overall World Bank lending commitments in 2020 and climate financing commitments.
  • Further deeply concessional resources will be needed through IDA20 for green, resilient, & inclusive development.
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WASHINGTON: World Bank President David Malpass said that G7 finance leaders on Friday had a "good discussion" of inequality, COVID-19 vaccinations, climate change, economic vulnerabilities and debt reduction for, poor countries.

On Twitter, Malpass said he highlighted the World Bank's vaccination programs, a 65% increase in overall World Bank lending commitments in 2020 and climate financing commitments.

"Further deeply concessional resources will be needed through IDA20 for green, resilient, & inclusive development," Malpass tweeted, referring to the next replenishment of resources for the International Development Agency, the bank's financing arm for the poorest countries.

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