BERLIN, August 27, 2021—Yesterday, World Bank Group President David Malpass met with Chancellor Angela Merkel of Germany. President Malpass thanked Chancellor Merkel for her leadership on key development issues and commended her tremendous public service.
President Malpass provided an update on the World Bank Group’s surge financing in response to the COVID-19 pandemic. They discussed the significant challenges of rising inflation and inequality, including in COVID-19 vaccine access for developing countries, comprehensive debt solutions and transparency, and climate change. President Malpass affirmed the World Bank Group’s commitment to addressing each of these challenges as part of its continued support to developing countries.
President Malpass highlighted the World Bank Group’s Climate Change Action Plan for 2021-2025 and the importance of deploying climate finance in ways that achieve the most results in terms of mitigation and adaptation in countries.
President Malpass and Chancellor Merkel also discussed recent developments, including in Afghanistan.
President Malpass affirmed the World Bank Group’s commitment to support Compact with Africa countries and mobilize private investments in Africa. President Malpass also noted his appreciation for Germany’s support of women entrepreneurs in developing economies and for a strong IDA20 replenishment at the end of this year.