LEADER 01977cam a22003615i 4500001 99131234407206421 005 20210512192010.0 006 m d 007 cr cn||||||||| 008 020129s2021 dcu o i00 0 eng^^ 024 7 10.1596/35326 |2doi 035 (CKB)4920000001213701 035 (The World Bank)35326 035 (US-djbf)35326 035 (EXLCZ)994920000001213701 040 DJBF |beng |cDJBF |erda 100 1 Malpass, David. 245 10 Remarks at Session 2 of the G20 Finance Ministers and Central Bank Governors Meeting, February 26, 2021 / |cDavid Malpass. 264 1 Washington, D.C. : |bThe World Bank, |c2021. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Speeches of World Bank Presidents. 520 3 World Bank Group President David Malpass spoke about the need to foster financial inclusion, and to support digital systems that allow high transaction volumes at very low cost. He mentioned that the high costs for cross-border payments hamper economic development and cause payments to flow underground. Working with global partners, the World Bank is leading efforts to increase efficiency, transparency, and competition in the market for remittances worldwide. Developing countries face key challenges related to domestic debt, non-performing loans (NPLs), and bankruptcy processes. He urged that diverse input should be voiced on international environmental taxation, on the increased financial regulation related to climate change, and on stable coins. 650 4 Bankruptcy and Resolution of Financial Distress 650 4 Carbon Policy and Trading 650 4 Environment 650 4 Finance and Financial Sector Development 650 4 International Financial Markets 650 4 Remittances 650 4 Transaction Costs 830 0 Speeches of World Bank Presidents. 830 0 World Bank e-Library. 906 BOOK