and to develop new financing strategies that can support the implementation of the sdgs. we believe it is critically important in these unprecedented times to demonstrate the unwavering support of the global community to the poorest countries and we look forward to the review by executive directors of the decision concerning the 2020 ida transfer by december 2020. an extension of the debt service suspension initiative ( dssi ) by 6 months is warranted by the continued liquidity pressures. this decision could be re - examined by the time of the 2021 imf / w bg spring meetings and a further extension by six months could be considered if required by the economic and financial situation. all official bilateral creditors should implement this initiative fully and in a transparent manner. we strongly encourage private creditors ’ participation in the dssi on comparable terms when requested by eligible countries. we recognize that debt treatments beyond the dssi may be required on a case - by - case basis. in this context, we welcome the agreement reached in principle at the g20 on a “ common framework for debt treatments beyond the dssi ”. we welcome progress achieved in the ongoing review of ida voting rights. we urge executive directors to conclude the review by november 2021 and to agree on a simpler system that would ensure a progressive alignment between contributions and voting rights, while safeguarding the voting power of recipient countries. we reaffirm our commitment to a 5 - year shareholding review and the lima principles. nevertheless, we do not necessarily believe a shareholding realignment is required at each review. as the current review comes only two years after the conclusion of the 2018 capital increase, with the capital subscriptions process in the ibrd and ifc having just begun, we support the completion of the 2020 ibrd shareholding review at this stage with no realignment. similarly, we support the completion of the ifc shareholding review without further analytical work. confronting these unprecedented challenging times requires dedication and strong discipline in the use of available resources. we thank president malpass, and all w bg management and staff for their exceptional effort on the front lines of the response to the economic consequences of the pandemic. flexibility in the use of budgetary resources has been instrumental in this endeavor. as we continue to face the inevitable cost pressures resultant from a much larger portfolio and operations in more difficult contexts, it is important to maintain budgetary discipline. this is even more relevant for the ifc, whose budget coverage ratio has deteriorated, suffering particularly from adverse effects in financial markets.

, and to make them available – insofar as possible – to independent researchers, while avoiding confidentiality breaks. let me conclude by thanking once again all the speakers and participants for joining us today. special thanks go to those who have contributed to organising the workshop. it brings together highly professional data scientists, it architects and business specialists from central banks, providing views of excellent quality and a broad variety of perspectives. i am sure that you can count on having an interesting and productive day. designed by the printing and publishing division of the bank of italy