logo
episode-header-image
Oct 2022
19m 16s

A special interview with the boss of the...

Bbc World Service
About this episode

In a wide ranging interview, David Malpass, president of the World Bank, speaks to presenter Sam Fenwick about the global economic situation.

He talks about the consequences of rising global debt and high inflation, and how poorer countries are bearing the brunt of the economic crisis.

Mr Malpass says the debt caused by the coronavirus pandemic will take decades to pay off, and says many of the subsidies were not targeted. He says a similar situation is being created again with the energy crisis.

Presented and produced by Sam Fenwick.

(Image: David Malpass. Credit: Getty)

Up next
Yesterday
The impact of 'thirsty' data centres
We're in the US state of Georgia, where huge data centres need water to keep cool. But how is this need for cloud storage and AI capability affecting local residents and the environment?Presenter: Michelle Fleury Producer: Nathalie Jimenez(Image: Georgia resident Beverly Morris l ... Show More
17m 50s
Jul 8
Does university still get you a well-paid job?
Graduates are facing one of the toughest jobs markets in decades. We hear from students in India, the US and UK about whether they feel a university or college degree is worth it as we discuss the cost of attending university around the world and what your job prospects might be ... Show More
17m 27s
Jul 7
Returning to Ukraine?
The UN estimates that nearly seven million Ukrainians have left their home country since Russia’s full-scale invasion in February 2022. Many have set up businesses in their new country - around 90,000 of those in Poland. We hear about the challenges they’ve faced, and the sectors ... Show More
17m 30s
Recommended Episodes
Oct 2022
Global recession risk rises as IMF lowers growth forecast
The IMF says the risk of a global recession has increased as it lowers its growth forecast for the coming year. Its managing director, Kristalina Georgieva, said the gloomy outlook was fuelled by Russia's invasion of Ukraine and the continuing impact of the Covid pandemic. Hong K ... Show More
50m 46s
Sep 2023
A huge debt crisis is coming
Around the world, debt is skyrocketing - and rising interest rates are making it unsustainable. In this first part, Ben Norton discusses the impending crisis in the United States, before explaining in part two how Wall Street traps the Global South in debt. VIDEO: https://youtube ... Show More
33 m
Nov 2020
Crisis Rock Stars Rate the World’s Response to Covid-19
This week’s episode of Stephanomics comes to you from the third annual Bloomberg New Economy Forum, where global leaders have gathered for a virtual discussion of how to solve the world’s biggest challenges, not least of which is the coronavirus pandemic.Stephanie Flanders brings ... Show More
35m 7s
Jun 2023
What can we learn from previous financial crashes amid recession fears?
The global economy has weathered the most tumultuous century in modern history and most of the previous financial crises have shared similarities from which we can learn. So writes Dr Linda Yueh, CBE, in her new book, The Great Crashes: Lessons from Global Meltdowns and How to Pr ... Show More
21m 14s
Feb 2022
The global debt crisis
This month the G20 came under criticism for failing to deliver a promised $100bn of additional funds to poorer countries to help with the economic fallout of the pandemic. Many of these countries suffered a significant financial crunch as their exports dropped while the price of ... Show More
49m 13s
Sep 2022
The sterling slumps as the dollar stays strong
The British pound plunges against the dollar to its lowest level in almost four decades. Investors seek protection in the US currency as recession fears grow in other markets. We talk to Kenneth Rogoff, former chief economist at the International Monetary Fund. The second largest ... Show More
49m 42s
Jul 2021
Surveillance: Debt Crisis Coming, Roubini Says
Nouriel Roubini, Roubini Macro Associates CEO and TheBoomBust.com Co-CEO, says a stagflationary debt crisis is on the way. Joseph Stiglitz, Nobel Laureate & Columbia University Prof of Economics, says the fiscal stimulus is what is keeping our economy strong. Robert Doll, Crossma ... Show More
34m 51s
Jan 2023
Global economy risks a second recession
The global economy is "perilously close to falling into recession", according to the latest forecast from the World Bank, as the impacts of the Ukraine war and Covid pandemic continue to be felt across the world. In fact, Pakistan and Sri Lanka are already struggling to keep thei ... Show More
51m 7s