Crisis Recovery Sustainability Digital Governance Digital Equity Events Podcasts About

Want to help poor countries now? Open your markets to their farmers, World Bank chief tells wealthy nations

April 22, 2022

Many developing countries now face high inflation, especially rising food prices.

What can they do to alleviate some of that pain? Wealthy nations should step in by opening their markets to farmers from poor nations, World Bank President David Malpass says during a Global Stage livestream conversation hosted by GZERO Media in partnership with Microsoft.

"This is a moment to make friends, to help people that ... don't have as much."

That means lifting trade barriers and subsidies that aren't really necessary so there can be more room for others to sell their stuff.

Malpass also recommends that all governments transition away from economic and fiscal policies that have spurred inflation toward encouraging boosting production and supply.

That's the best way to help small businesses, the most under pressure from high interest rates and the food price hike.

Watch more of this Global Stage event: Live from Washington, DC: Financing the Future

From Your Site Articles

david malpass global stage world bank inflation developing countries global economy economic inequality global economic recovery hunger pains

More from Global Stage

World Bank economist: The poorest are getting poorer globally

The combined shocks of multiple crises, including the pandemic, wars in Ukraine and the Middle East, food insecurity, and inflation, have taken a massive toll on the 75 least developed economies, according to World Bank Group’s Deputy Chief Economist Ayhan Kose.

Online violence means real-world danger for women in politics like EU's Lucia Nicholsonová

Lucia Nicholsonová, former Slovak National Assembly vice president and current member of European Parliament for Slovakia, recounts her harrowing personal experiences with disinformation campaigns and gendered hate speech online during a GZERO Global Stage discussion on gender equality in the age of AI.

AI at the tipping point: danger to information, promise for creativity

Artificial intelligence is on everyone's mind these days. The potential for AI to mess up democracy is scary, but the truth is that it can also make the world a better place. So, are bots good or bad for us? We asked a few experts to weigh in during the Global Stage livestream conversation "Risks and Rewards of AI," hosted by GZERO in partnership with Microsoft at this year's World Economic Forum meeting in Davos, Switzerland.

How to protect elections in the age of AI

GZERO Media, on the ground at the 2024 Munich Security Conference, held a Global Stage discussion on Feb. 17 entitled “Protecting Elections in the Age of AI.” We spoke with Brad Smith, vice chair and president of Microsoft; Ian Bremmer, president and founder of Eurasia Group and GZERO Media; Fiona Hill, senior fellow for the Center on the United States and Europe at Brookings; Eva Maydell, an EU parliamentarian and a lead negotiator of the EU Chips Act and Artificial Intelligence Act; Kersti Kaljulaid, the former president of Estonia; with European correspondent Maria Tadeo moderating. These thought leaders and experts discussed the implications of the rapid rise of AI amid this historic election year.

The online abuse crisis threatens the mental health of young women worldwide

On the internet, more than half of young women encounter abuse and harassment, some as young as eight. Michelle Milford Morse of the UN Foundation emphasizes that this takes a huge toll on their mental health.

What impact will AI have on gender equality?

At the current rate of progress toward gender equality, the World Economic Forum estimates it will take 131 years for women to attain parity in income, status, and leadership. While technology is a powerful tool to help close the gender gap, it can also be weaponized.

Digital Equity

Private sector partnership key to funding digital access for all

More on Digital Equity