Ahead of the World Bank Group-IMF Annual Meetings, President Malpass delivered a speech in Khartoum, Sudan, entitled “Development in a Time of Upheaval. ”

President Malpass set out the major challenges and opportunities in building a resilient and inclusive recovery for all. He looked at the dynamics of recent global economic growth that have contributed to inequality and a reversal in development progress. President Malpass also explored how to remove or confront obstacles to development such as high debt, high trade costs, and the diminished capacity of many middle-income countries following COVID-19.  

A moderated discussion followed the speech.

Read the transcript

Video chapters

00:00 Welcome and introductions: Development in a Time of Upheaval

02:10 Remarks by Dr. Abdallah Hamdok, Prime Minister of the Republic of Sudan

15:00 Positioning speech by World Bank Group President David Malpass

18:18 Malpass speech: An unprecedented crisis

20:14 Malpass speech: Turning around the reversal in development

22:18 Malpass speech: Fostering change while remaining focused on poverty reduction

35:21 Malpass speech: The contribution of the World Bank Group

40:19 Sudanese perspective: Areas of intervention for the benefit of young people

41:33 Reflections by Jawhratelkmal (Jawhra) Kanu, Founding member of the Sudanese Women Economists Association

46:38 Reflections by Yousif Yahya, Founder and Managing Director of Savannah Innovation Lab

50:09 Reflections by Dr. Amal Elfatih, public health expert

53:38 Closing remarks by David Malpass, World Bank Group President

56:14 Questions from the audience and closure