cover image: Statement by Ignazio Visco at the 104th Virtual Meeting of the Development Committee held on October 15, 2021 (English)

20.500.12592/2s0bt5

Statement by Ignazio Visco at the 104th Virtual Meeting of the Development Committee held on October 15, 2021 (English)

15 Oct 2021

DEVELOPMENT COMMITTEE (Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries) ONE HUNDRED AND FOURTH MEETING WASHINGTON, DC – OCTOBER 15, 2021 DC/S/2021-0061 October 15, 2021 Statement by Ignazio Visco Governor of the Bank of Italy Constituency of Albania, Greece, Italy, Malta, Portugal, San Marino, and Timor-Leste [...] In accordance with the recommendations of the G20 High Level Independent Panel, we look forward to concrete proposals for improved governance, financing, and coordination for pandemic prevention, preparedness and response to be discussed at the upcoming joint meeting of the G20 Finance and Health Ministers. [...] National governments have the responsibility and the essential democratic legitimacy to promote public and private “green” investments and introduce regulations to limit the amount of allowable emissions, including levying carbon taxes. [...] We encourage the WBG to operationalize the CCAP ahead of the COP26. [...] We encourage the WB to advance its work on financial inclusion, continuing to support the G20 Global Partnership for Financial Inclusion (GPFI) in the effort to gather the granular and disaggregated data needed to assist policymakers in identifying gender gaps and monitoring the effectiveness of policies and programs, including for digital financial education.
climate finance energy access public health financial system land use financial stability multilateral development bank humanitarian crisis financial inclusion carbon tax gender gap best practice extreme poverty environmental sustainability crisis prevention fiscal sustainability fiscal space energy transition green investment food insecurity impact assessments power generation renewable source peace building national interest million people financing need high quality infrastructure learning and innovation credit sustainable investment global cooperation global public good downside risk multilateral institution domestic resource mobilization voting right fragile and conflict transparent manner scarce resource private capital donor support private investor fragile countries still substantial climate adaptation and mitigation private resources crisis preparedness complementary factor energy need electricity mix use of coal traditional fuel allowable emission rising consumption
Board Meeting Date
2021-10-15T00:00:00Z
Disclosure Date
2021/10/20
Disclosure Status
Disclosed
Doc Name
Statement by Ignazio Visco at the 104th Virtual Meeting of the Development Committee held on October 15, 2021
Published in
United States of America
Series Name
Development Committee;
Total Volume(s)
1
Unit Owning
Policy and Operations (SECPO)
Version Type
Final
Volume No
1

Files

Related Topics

All