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Statement October 14, 2021

Readout from World Bank Group President David Malpass’s Meeting with Aleksey Overchuk, Deputy Prime Minister, Russian Federation and Governor to the IBRD

WASHINGTON, October 14, 2021 – Today, World Bank Group President David Malpass met with Aleksey Overchuk, Deputy Prime Minister of the Russian Federation and Russia’s Governor to the World Bank Group.

President Malpass underscored the need for mobilizing financing for low-income countries and welcomed Russia’s active participation in the IDA20 replenishment process.

President Malpass and Deputy Prime Minister Overchuk discussed critical global issues including the implementation of the G20 Common Framework. President Malpass underscored the importance of a comprehensive approach to the debt problem, including swifter restructuring and improved debt transparency. President Malpass also encouraged Russia to provide loan-by-loan data to the World Bank’s Debtor Reporting System (DRS).

President Malpass welcomed Deputy Prime Minister Overchuk’s views on a new approach to assessing the business and investment climate across countries.

President Malpass and Deputy Prime Minister Overchuk also discussed climate change and energy sector reforms. President Malpass affirmed the WBG’s willingness to support Russian efforts on greenhouse gas (GHG) reduction and carbon neutrality through its work on a Country Climate and Development Report (CCDR) and other knowledge products.