David Malpass @DavidRMalpass

Former President of the World Bank Group, Under Secretary of the U.S. Treasury, and leading Wall Street economist. Advocate for development and growth. linkedin.com/in/davidrmalpa… Washington, DC Joined April 2019

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David Malpass @DavidRMalpass

a week ago

The @g20org’s Common Framework for Debt is designed and run by China, the Paris Club, and the IIF creditors to benefit themselves, causing massive damage to people in developing countries.

The Guardian @guardian

a week ago

The @g20org’s Common Framework for Debt is designed and run by China, the Paris Club, and the IIF creditors to benefit themselves, causing massive damage to people in developing countries.

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David Malpass @DavidRMalpass

a week ago

Glad to see @IMFNews raise two red flags that I've been waving for a year: 1: Giant US gov’t spending artificially propping up consumption and inflation 2: US debt run-up absorbs too much global capital, harming global growth Read my @WSJopinion op-ed: wsj.com/articles/the-w…

The Hill @thehill

2 weeks ago

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David Malpass @DavidRMalpass

a week ago

Another devastating article on the deterioration of sub-Saharan Africa. This one is focused on Kenya, South Africa and Nigeria — 44% of the region's GDP, and 30% of its population. Global institutions meet constantly and do nothing.

Bloomberg @business

2 weeks ago

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David Malpass @DavidRMalpass

2 weeks ago

One thing I can agree on with The @guardian: with development going in reverse, the “business-as-usual approach is both unethical and unsustainable.” Both private sector and sovereign bilateral creditors must act now to reduce developing countries’ debt burdens.

Guardian Opinion @guardianopinion

2 weeks ago

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Indermit Gill @IndermitGill

2 weeks ago

IDA countries have lost a decade of development. If they lose another, the damage to global peace and prosperity will be high.

Kathleen Hays @Kathleen_Hays

2 weeks ago

IDA countries have lost a decade of development. If they lose another, the damage to global peace and prosperity will be high.

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David Malpass @DavidRMalpass

2 weeks ago

It is clear poverty is getting worse despite development assistance and record @WBG_IDA support. Some factors: - Currency devaluations and dual exchange rates that steal inflows - Outflows on debt to China - Secret contracts - Predatory government spending in advanced countries

Samuel Munzele Maimbo @maimbofinance

2 weeks ago

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David Malpass @DavidRMalpass

3 weeks ago

Worth reading this informative article by @greg_ip on chips and @LifeAtPurdue: “America’s Chip Renaissance Needs Workers.”

The Wall Street Journal @WSJ

3 weeks ago

Worth reading this informative article by @greg_ip on chips and @LifeAtPurdue: “America’s Chip Renaissance Needs Workers.”

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David Malpass @DavidRMalpass

3 weeks ago

With inflation remaining persistent for a third straight month, policy adjustments are clearly needed. Last year, I wrote on the urgent need to reduce government spending and fix over-regulation — points that remain relevant. Read my @WSJopinion op-ed: wsj.com/articles/gover…

Axios @axios

3 weeks ago

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David Malpass @DavidRMalpass

4 weeks ago

Today's jobs data sounded good at 303,000, but 200,000 of those were added in government, health care and leisure. Average wage growth remains disappointing. A good day for the DC area’s multi-decade boom, but the rest of the world is having trouble affording the debt buildup.

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David Malpass @DavidRMalpass

4 weeks ago

The @g20org's debt restructuring sham is getting worse. Kicking the can helps China gain even more power across the Global South as billions of people struggle, and high for long increases the resource extraction by creditors. GSDR should pause until leaders change course.

Brad Setser @Brad_Setser

4 weeks ago

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David Malpass @DavidRMalpass

4 weeks ago

Good explainer from @business’ Matthew Hill and @EMPosts on why the @g20org Common Framework is failing developing nations. With @USTreasury @SecYellen in China, a top priority for US-China talks should be reducing debtor countries’ unsustainable debt burdens.