World Development Report (WDR) 2022 | The World Bank | 15 February 2022 | Online

The interconnected risks faced now by households, businesses, banks and governments could trigger a global financial chain reaction not seen in generations. This event examines the financial and economic risks that have been created or exacerbated by the pandemic, and outlines policy measures governments should take now to avoid major financial upheaval.

This event will frame the public conversation on how governments should prioritize where to take policy action first and how to best allocate scarce resources to support the recovery.

It will also consider how to address the growing risks of over-indebtedness and increased financial fragilities. This event will center on these issues:
• The importance of early detection of significant domestic and global financial risks.
• The need for transparency of non-performing loans and proactive management of distressed assets.
• The importance of proactively managing sovereign debt burdens to free up resources for the recovery and avoid the significant social and economic costs of sovereign debt distress.
• The importance of ensuring continued access to credit, especially for low-income communities and small businesses, and the opportunities offered by financial technologies.
• The need for countries to identify and tackle the most urgent sources of risks. In some countries, managing existing debt burdens is the major challenge, while in others it’s financial sector stability.

2022 Speakers

SPEAKERS:

David R. Malpass
President, World Bank Group

Carmen M. Reinhart
Senior Vice President and World Bank Group Chief Economist

Sri Mulyani Indrawati
Minister of Finance, Indonesia

Agustin Carstens
General Manager, Bank for International Settlements

Joshua Oigara
Group Chief Executive Officer and Managing Director, Kenya Commercial Bank

Leora Klapper
Lead Economist, Development Economics, World Bank

MODERATOR:

Francine Lacqua
Anchor, Bloomberg Television, London