[Washington 17th Reuters]-World Bank President Malpas will benefit both the developed and emerging economies if the uncertainty about the UK's withdrawal from the European Union is resolved on the 17th. He expressed his view that it would raise the growth prospects.
Mr. Malpas told reporters at the World Bank and the International Monetary Fund (IMF) annual meeting that the uncertainty about the future of Britain's withdrawal from the EU was a burden on both sides. Resolving the problem will benefit not only the UK and the EU, but also emerging economies, “if the outlook is clear, the economic growth environment will improve slightly.”
The UK and the EU agreed to revise the UK withdrawal conditions that day.
In addition to this, President Malpas also indicated that China has room for improvement in terms of its involvement in the global economic system, trade and the rule of law.