Development policies needed to boost median income and reduce debt, David Malpass argues

Development policies needed to boost median income and reduce debt, David Malpass argues
Multilateral finance increases debt for nations

David Malpass delivered a new paper at the World Bank’s 2026 Conference on Development Economics advocating for development policies aimed at driving growth and raising median income.

Malpass finds that multilateral finance is currently leaving people in developing countries more indebted and impoverished.

Malpass previously announced that the World Bank would phase out lending to China following the removal of its climate spending quota. He cited earlier declines in lending as part of this shift. The move marked a change in how the institution allocates resources among developing economies.

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