In a Jan 29 statement, Malpass expressed sympathy for losses suffered by the Chinese people, adding:"This is a severe public health challenge for China and the rest of the world. It calls for ongoing coordinated action and continued transparency inside China and around the world."
Malpass declined to offer an estimate of the effect of the crisis on China's or the world's economic growth. He said it was too early to say if the World Bank's already tepid full-year forecast would be cut. A Feb 3 World Bank pledge to review financial resources that could be deployed quickly was aimed at poorer countries that could be affected by the pandemic, a bank official said.
Malpass said lending to China in the 2020 fiscal year, which ends June 30, would likely fall below that range.
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