India, US and China to lead global growth: World Bank

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By: Jeet Ghosh

Last Update: 2021-04-08 19:12:17 IST

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Issues such as vaccine, climate change, debt and reform will be considered at this annual meeting. Malpas said that due to inequality in the insolvency process, poor countries are facing huge debt burden and they do not have a way out of it.

World Bank President David Malpas said that global growth will be more rapid and will be led by India, America and China. He also expressed concern over the increasing non-parity due to Corona. He said that in some countries, increasing inequality in regard to vaccination and average income is a matter of concern.

He said, 'Concerns about increasing non-equity are natural. The scope of inequality in vaccination and average income may extend to a few more countries. Poor countries are paying higher interest due to differences in interest rates. Interest rates in these countries have not decreased as fast as they have done globally.

Malpas told the media at the beginning of the annual meeting of the International Monetary Fund (IMF) and the World Bank, 'The good news is that global growth is catching up under the leadership of India, America and China. Issues such as vaccines, climate change, debt and reforms will be considered at this annual meeting to be held virtually. Malpas said that due to inequality in the insolvency process, poor countries are facing huge debt burden and they do not have a way out of it.

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