Ukraine war fuels ‘overlapping crises’: World Bank’s Malpass

The Russian war on Ukraine has set off a chain reaction in the global economy, pushing energy and food prices higher, exacerbating debt concerns and potentially worsening poverty and hunger, World Bank President David Malpass said Tuesday. Faced with these “overlapping crises,” the leader of the development lender urged advanced nations to keep markets open, removing trade barriers and reversing policies that concentrate wealth. The war came as the global economy was trying to right itself following the Covid-19 […]