Readout from World Bank Group President David Malpass’s Meeting with Liu Kun, Minister of Finance, China

WASHINGTON, April 9 - Yesterday, World Bank Group President David Malpass met with Liu Kun, Chinese Minister of Finance. During their meeting, President Malpass and Minister Liu discussed the global COVID-19 response, and steps toward a recovery that is green, resilient, and sustainable. President Malpass noted with appreciation the growing focus on global public goods in the Bank's China program. President Malpass also thanked Minister Liu for China's strong support to IDA and updated the Minister on the IDA20 replenishment process.

President Malpass noted to Minister Liu the importance of finding lasting solutions to the unsustainable debt burdens of the world's poorest countries, also noting progress on the G20 Debt Service Suspension Initiative and the G20 Common Framework for Debt Treatments beyond the DSSI. President Malpass expressed the importance of debt transparency and the need for full participation in debt treatments by bondholders and private creditors as well as all official bilateral creditors.