' s dedication to the increasing number of countries affected by conflict and we encourage further efforts to strengthen effective delivery of services to local communities and vulnerable groups. ida20 provides the most ambitious financing package thus far, made possible by continued strong donor support and additional balance sheet optimization measures. ida is now well equipped to provide a substantial increase in financing for fcv countries, crisis response, and regional projects, along with aid to refugees and host 1 / 3 bis - central bankers'speeches communities. nevertheless, ida countries will likely face the spillovers of the war in 2 ukraine ; given their increased exposure to mounting risks, it is critical to preserve ida's capacity to support them. the financing options of the medium - term wbg response, as outlined in the roadmap paper, must be carefully assessed. donors'fiscal constraints can only worsen as the compounding crises continue to weigh on the global economy. prioritizing balance sheet optimization measures and aggressive portfolio management, while enhancing selectivity and building on comparative advantages and division of labor among development partners, can increase our joint effectiveness and outcome orientation. the use of available resources must be appropriately balanced between short -, medium - and long - term needs. we very much look forward to the independent review of mdbs capital adequacy frameworks, commissioned by the g20. already on the rise before the pandemic, debt vulnerabilities in emerging and developing economies are reaching alarmingly elevated levels. the slowing in global growth following the covid - 19 shock has increased the risk of countries falling into debt distress. the war in ukraine may only aggravate macroeconomic fragilities with the shock on food prices, as well as – and also as a consequence of – the rise in the costs of energy and fertilizers. we support the wbg and imf's initiatives in the areas of fiscal debt management, access to long - term development finance, and debt resolution. debt transparency is a precondition to effective debt management and key to achieving and maintaining debt sustainability. we encourage the wbg to boost its work with both debtors and creditors and to monitor results. we thank the wbg and the imf for their support to g20 efforts to implement the common framework, as well as their endeavours to provide technical assistance to debtor countries. we look forward to substantial progress in implementing country cases. the consequences of the war in ukraine should not make us lose sight of a sustainable and inclusive development

##traditional data and ml applications. this year ’ s conference is jointly organized with frb, bank of canada and sveriges riksbank and it will be held in stockholm on october 3 - 5. 12 we are also collaborating with the bank of england and with the bis through the irving fisher committee to organize workshops and conferences on the topic. 13 the program is available at the link https : / / www. riksbank. se / en - gb / press - and - published / conferences / 2022 / conference - on - non - traditional - data - machine - learning - and - natural - languageprocessing - in - macroeconomics / see the ifc and bank of italy workshop on “ data science in central banking ” which was held in rome in october 2021 ( https : / / www. bis. org / ifc / events / 211019 _ ifc _ bdi. htm ) and in basel in february 2022 ( https : / / www. bis. org / ifc / events / 220214 _ ifc. htm ). to create a network and foster scientific collaboration, jointly with the frb, the sveriges riksbank, the university of pennsylvania and the imperial college of london we are also organizing a series of webinars on “ applied machine learning, economics and data science ” ( amleds ). from september to june we host a monthly webinar, where researchers working on data science and ml applied to economics and finance present their work. 14 more than 3, 000 researchers from academia, cbs, and nsos around the globe and from different disciplines are registered. finally, yet importantly, we have organized a special issue for the journal of econometrics on “ machine learning for economic policy ” jointly with the european central bank, the federal reserve board, the bank of england, the bank of canada, and the king ’ s college london. the special issue will gather a selection of papers, which use machine learning and big data for policy purposes. 6. conclusions the bank of italy is at the forefront in this area and it is firmly committed to researching these issues and to cooperating with other national and international institutions with the aim of better serving our societies. let me conclude my talk by thanking, once again, all the organizers for having me here and all participants for joining us today. so far, we have invited among others serena ng ( columbia ), francis x. die