Welcome to the second day of the policy conference. My name is ilan kolet. Im the head of inflation and Commodities Research at Fidelity Investments in boston. Today, we have the pleasure of hearing the latest views from World Bank President David Malpass. President malpass is the 13th president of the world bank group. A term he began last year. Prior to joining the world bank, he served as undersecretary of the treasury for international affairs, founded a Macroeconomics Research firm, and served as the chief economist at bear stearns. While many of us know him now as a policymaker, there is a very long history in private sector macroeconomic analysis. Yesterday, when i was chatting with a retired friend of mine, he mentioned that the best moderators are funny, fluid, and forgettable. With that, president malpass, the floor is yours. That was funny and fluid and everybody will remember it. So you failed. Well, ilan, im very pleased to be here. Ive got some notes, and then ive got som