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Stress-testing banks during the Covid-19 pandemic

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When the Covid-19 pandemic struck, the official sector responded by implementing support measures and adopting expansionary monetary and fiscal policies. Prudential authorities provided regulatory relief
in various ways,2 with the aim of maintaining an adequate flow of credit to the real economy, while preserving financial stability.

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Negotiations on an investment facilitation agreement show high level of engagement

The second round of formal negotiations for a multilateral agreement on investment facilitation for development, held on 8-9 October 2020, showed a high level of engagement by participating members who found significant common ground to advance in line with the agreed agenda. Participating members — currently 105 — engaged in a constructive discussion with a

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Remarks by World Bank Group President David Malpass at the Fourth Ministerial of the Coalition of Finance Ministers for Climate Action

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The COVID-19 pandemic is not just impacting health, livelihoods, and economies. It has demonstrated—with deadly effect—that national borders offer little protection against some calamities. The pandemic has underscored the deep connections between economic systems, human health, and global well-being. And it has focused our efforts on building systems in countries that will better protect all

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