The World Bank Group President, David Malpass, on Tuesday, expressed concern about the increasing spate of insecurity globally.
Malpass said this in his speech at the Warsaw School of Economics in Poland ahead of the 2022 Spring Meetings titled “Addressing Challenges to Growth, Security, and Stability’’.
The session was monitored virtually by the News Agency of Nigeria. He said millions of people were suffering amid massive reversals in development.
According to Malpass, effective allocation of capital, promotion of growth and production, and keeping markets open are some actions the global community could take to address the situation. He said that the overlapping global crises were resulting in a weak economic outlook. According to him, the violence is unfortunately not confined to Ukraine.
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