Remarks at the Development Committee Press Conference, IMF-World Bank Annual Meetings, Washington, D.C., October 11, 2014
Jim Yong Kim, President of the World Bank Group, discusses the problem of global inequality. He speaks about the
commitment for building the platform which would bring the
expertise of not only the World Bank, but the International
Monetary Fund (IMF) and other multilateral development
banks, to prepare projects and bridge the gap in what is a
market failure. He speaks about the companies that were
represented, sovereign wealth funds, the countries that had
signed on, including China, which has made very strong
commitments to finding a price on carbon for the world. He
highlights about the need for some source of funding that
will disperse immediately on the occasion of the next
epidemic, and the global community needs to come
together to decide what the response will be. Christine Lagarde, IMF Managing Director, commended Kim on his efforts in the fight against Ebola. Lagarde noted that much of Africa is growing and creating jobs. The two fielded questions on Ebola, the role of China in these institutions, China’s investment-led growth strategy, and the Asian Infrastructure Investment Bank.
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Bibliographic Details
| Main Authors: |
Kim, Jim Yong,
Lagarde, Christine |
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| Format: | Speech
biblioteca
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| Language: | English
en_US |
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| Published: |
2014-10-11
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| Subjects: | INFRASTRUCTURE INVESTMENT,
GROWTH RATES,
DEFICIT,
BOARD MEETING,
IMF,
FOOD SECURITY,
GOOD,
URBANIZATION,
GROWTH TRUST,
STOCK,
FINANCIAL CRISIS,
FUTURE,
INCOME,
INTEREST,
VALUE,
DEVELOPMENT BANKS,
BANK,
INTEREST RATE,
PURCHASING POWER,
INVESTMENT BANK,
SERVICES,
DEVELOPING COUNTRIES,
BANK ACCOUNT,
MULTILATERAL DEVELOPMENT,
FINANCIAL INSTRUMENT,
INFRASTRUCTURE DEVELOPMENT,
PORTFOLIO,
ECONOMY,
COMPANIES,
GROWTH TRUST FUND,
STOCK VALUE,
PRICING,
PROJECTS,
ENVIRONMENTAL SUSTAINABILITY,
DIRECT PAYMENTS,
PRICE,
MULTILATERAL DEVELOPMENT BANKS,
MARKET FAILURE,
MARKET,
INFRASTRUCTURE PROJECTS,
INTERNATIONAL COMMUNITY,
FIGHTING,
CONFLICT,
PILOT PROJECTS,
MEETINGS,
BANK ACCOUNTS,
GOVERNANCE,
DEVELOPMENT PATH,
STATE,
GOODS,
STATES,
SECURITY,
INVESTMENT,
CONTAINMENT,
SHARE,
ORGANIZATION,
ADVANCED ECONOMIES,
POVERTY,
EXPERTS,
INVESTMENTS,
FINANCIAL SUPPORT,
LENDING,
EMERGING MARKET,
FINANCIAL INSTITUTIONS,
TRUST FUND,
DEBT,
WORLD DEVELOPMENT,
TRUST,
ORGANIZATIONS,
RETURN,
AGREEMENT,
DEPENDENCE,
INSTRUMENT,
LOANS,
GOVERNMENTS,
MEETING,
POLITICAL ORGANIZATION,
DEVELOPMENT BANK,
GRANTS,
ECONOMIES,
POWER PARITY,
INTERNATIONAL FINANCIAL INSTITUTIONS,
INFRASTRUCTURE,
INVESTING,
BANKS, |
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| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25875914/transcript-world-bank-group-president-jim-yong-kim-development-committee-press-conference
https://hdl.handle.net/10986/24321
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