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World Bank's David Malpass on global debt & economic inequality
World Bank's David Malpass on global debt & economic inequality | GZERO World with Ian Bremmer

World Bank's David Malpass on global debt & economic inequality

The world has a huge debt problem. Economic growth is slowing, but global debt is skyrocketing.

David Malpass sits down with Ian Bremmer on GZERO World for his final interview as president of the World Bank Group to discuss the debt crisis, his tenure at the World Bank, and solutions for combatting growing economic inequality.

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Podcast: Fix the global debt crisis before it's too late, warns World Bank's David Malpass

Transcript

Listen: In his final interview as World Bank president, David Malpass sits down with Ian Bremmer on the GZERO World podcast to discuss all things debt. No, not your credit card or mortgage payments, but the sovereign debt that governments use to pay their bills.

Global debt has ballooned to an eye-watering $300 trillion due to decades of low interest that made borrowing money extremely cheap, followed by runaway inflation driven by the pandemic and war in Ukraine. This dynamic has forced a lot of nations––particularly the poorest––to borrow more money than it can pay back.

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World faces "lost decade" of economic growth, says World Bank economist
World faces "lost decade" of economic growth, says World Bank economist | GZERO Media

World faces "lost decade" of economic growth, says World Bank economist

The World Bank predicts that the global economy now faces a decade of lost growth, in part due to an older workforce and lower productivity. Is the way out of the looming doldrums to have a young population like Nigeria?

Yes, but those countries will need help from wealthy nations to invest in things like education to reap the benefits of their demographic divided, World Bank deputy chief economist Ayhan Kose tells GZERO's Tony Maciulis at the World Bank/IMF spring meetings in Washington, DC.

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Philanthropy's moment to act
Philanthropy's moment to act | UN Foundation's Elizabeth Cousens | GZERO World

Philanthropy's moment to act

Note: This interview appeared as part of an episode of GZERO World with Ian Bremmer, "Inequality isn't inevitable - if global communities cooperate" on January 29, 2023.

It's almost the first anniversary of Russia's war in Ukraine. On March 11, it'll be three years since the World Health Organization declared COVID-19 a pandemic. And 2022 was the sixth warmest year on record since 1880. We are still dealing with the fallout from all three events. But not equally. Since 2020, the richest 1% of people has accumulated nearly two-thirds of all the new wealth created in the world.

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Why philanthropic foundations need to spend money (and quickly)
Why Philanthropic Foundations Need To Spend Money (& Quickly) | GZERO World

Why philanthropic foundations need to spend money (and quickly)

In today's world, where global development needs are high and seismic geopolitical events have turned back the clock on so much progress, UN Foundation President Elizabeth Cousens says its the perfect time for philanthropy to step up.

Indeed, there's a lot more that can be done, Cousens tells Ian Bremmer on GZERO World.

And philanthropy, she explains, doesn't have to be about greenwashing or PR but rather a way of making things better in many places that have been through more than their fair share in recent years.

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"We're in this together" — UN Foundation chief
Let’s Back Spirit of “We’re in This Together” — UN Foundation Chief | GZERO World

"We're in this together" — UN Foundation chief

Global development has been going backwards since even before the pandemic, and there's no end in sight.

Extreme poverty is now rising again, and fraught politics at every level is making it harder to fight inequality around the world.

But it's not an irreversible trend, UN Foundation President Elizabeth Cousens tells Ian Bremmer on GZERO World.

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Our unsustainably unequal world
Ian Explains: Our Unsustainably Unequal World | GZERO World

Our unsustainably unequal world

The past is still very much with us.

It's almost the first anniversary of Russia's war in Ukraine. On March 11, it'll be three years since the World Health Organization declared COVID-19 a pandemic. And 2022 was the sixth warmest year on record since ... 1880.

We are still dealing with the fallout from all three events. But not equally.

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Will the Ukraine War succeed where COVID failed?
Will the Ukraine War Succeed Where COVID Failed? | GZERO Media

Will the Ukraine War succeed where COVID failed?

Many of us thought the pandemic would shake up the "sclerosis" in deeply dysfunctional pre-COVID politics. It did not.

"We have to admit the pandemic wasn't a big enough crisis" to improve things like the US-China relationship or American political polarization, Eurasia Group & GZERO Media President Ian Bremmer said during a livestream discussion on equitable vaccine distribution hosted by GZERO Media in partnership with the Bill & Melinda Gates Foundation.

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