"There needs to be a dramatic and deep reduction in the amount of debt on the poorest countries. That's clear." As the world's poorest nations struggle to recover from a devastating pandemic, World Bank President David Malpass argues that freeing them of much of their debt will be key. His conversation with Ian Bremmer is part of the latest episode of GZERO World.
Nearly eighty years after the World Bank was founded, its mission of lifting the global poor out of poverty has never been more urgent. Ian Bremmer explains on GZERO World.
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Ian Bremmer's Quick Take:
Hi everybody. It is the last day of the Trump administration. Most of you, probably pretty pleased about that. A majority of Americans, though not a large majority, but certainly a majority of people around the world. And given that that's a good half of the folks that follow what we do at GZERO, that counts to a majority. And look, I ought to be clear, when we talk about the Trump administration and their foreign policy legacy, "America First" was not intended to be popular outside of the United States. So, it's not surprising that most people are happy to see the back of this president. But I thought what I would do would be to go back four years after say, what are the successes? Is there anything that Trump has actually done, the Trump administration has done that we think is better off in terms of foreign policy for the United States and in some cases for the world than it would have been if he hadn't been there? And I actually came up with a list. So, I thought I'd give it to you.
We're only a few weeks into 2021 and that 'fresh new start' that so many had been hoping for at the end of 2020 has not exactly materialized. But what gives World Bank President David Malpass hope for the coming year? "The promise of humanity and of technology, people working together with communication, where they can share ideas. It allows an incredible advance for living standards." His wide-ranging conversation with Ian Bremmer was part of the latest episode of GZERO World.
World Bank President David Malpass was as horrified at what he saw during the January 6th pro-Trump riots on the Capitol as millions of other Americans. But he was concerned for another reason as well: "From the standpoint of world development, it distracts attention at a time when we need to help countries actually develop and get beyond COVID and get back to growth path." He joined Ian Bremmer to talk about how the civil unrest on Washington was distracting from the urgent development work of the World Bank during a pandemic. Their conversation was part of the latest episode of GZERO World.