Seminar “World Development Report 2022: Finance for an Equitable Recovery”

Developing countries face growing risks from financial fragility created by the COVID-19 crisis and non-transparent debt, says a new World Bank report. As rising inflation and interest rate increases pose further challenges to recovery, developing countries need to focus on creating healthier financial sectors.

According to World Development Report 2022: Finance for an Equitable Recovery , risks may be hidden because the balance sheets of households, businesses, banks, and governments are tightly interrelated. Today, high levels of non-performing loans and hidden debt impair access to credit, and disproportionately reduce access to finance for low-income households and small businesses.

At this seminar, Leora Klapper, WDR 2022 Director, explained the main findings of the report, and Naoyuki Yoshino, Professor Emeritus, Keio University / Director, Financial Research Center, Financial Services Agency, and Tetsuya Harada, Senior Executive Research Fellow, JICA Ogata Sadako Research Institute for Peace and Development, shared comments. 

Date/Time: 

9am-10:30am, Wednesday, May 11, 2022 (Japan Standard Time) 

Program: 

Keynote Presentation

Leora Klapper
WDR 2022 Director, World Bank

Presentation material: World Development Report 2022: Finance for an Equitable Recovery (PDF)

Comments

Naoyuki Yoshino　
Professor Emeritus, Keio University / Director, Financial Research Center, Financial Services Agency 

Presentation material: Comments: Finance for An Equitable Recovery (PDF)

Tetsuya Harada　
Senior Executive Research Fellow, JICA Ogata Sadako Research Institute for Peace and Development

Presentation material: Comments on the World Bank’s “World Development Report 2022 : Finance for an Equitable Recovery” (PDF)