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On the 50th Anniversary of Ghana's Independence
(2007-03-05) Wolfowitz, Paul
Paul Wolfowitz, President of the World Bank, congratulated Ghana on its fiftieth anniversary that it has become one of the best performers economically in Sub-Saharan Africa, and is expected to meet the Millennium Development Goal to cut poverty in half. He spoke about World Bank partnership with the university to help create a facility that provides access to a wealth of development information for students, researchers, faculty, and the general public, and encourages all to take advantage of this new resource on the campus. Ghana faces challenges to boost the competitiveness of the private sector, an important engine for job creation. Ghana will need to invest heavily in infrastructure, and reform its energy sector, while ensuring sustained good governance. He concluded by saying that Ghana should inspire Africa by aiming higher, moving faster, taking bigger and bolder steps to achieve the future that the people of Ghana deserve.
Remarks at Building Science, Technology and Innovation Conference, Washington, D.C., February 14, 2007
(2007-02-14) Wolfowitz, Paul
Paul Wolfowitz, President of the World Bank, convened a forum to discuss strategies, programs, and policies for building science, technology, and innovation (STI) capacity to promote sustainable growth and poverty reduction in developing countries. He remarked that if you want to deal with poverty, you better keep science and technology and innovation, maybe especially innovation, in the picture. Education is a major ingredient of success, and investing in people, what economists like to call human capital, is one of the biggest contributors to growth and poverty reduction. Wolfowitz focused on upgrading technology and capturing the latecomer’s advantage; the role of research and development; and reversing the brain drain.
Remarks at Meeting on 'Sustaining Treatment Costs--Who Will Pay?'
(2006-11-27) Wolfowitz, Paul
Paul Wolfowitz, President of the World Bank, at a meeting jointly sponsored by WHO, UNAIDS, and the World Bank, addressed the issue of the financial sustainability of AIDS treatment—especially focusing on the increasing need for second-line combination treatment regimens. The Bank is working to strengthen capacity for effectively mainstreaming AIDS priorities into national planning efforts, particularly development of poverty reduction and implementation processes. As one of many development partners supporting national AIDS programs, the World Bank is committed to improve coordination, and to better align and harmonize its support with country responses.
China a Model Country
(2005-10-14) Wolfowitz, Paul
Paul Wolfowitz, President of the World Bank, noted that China has shown astonishing resolve in the last 25 years in fighting poverty, with remarkable progress to show for it. With similar resolve, China can successfully work with the Bank and with other partners to overcome the remaining development challenges it faces today: battling continued poverty, confronting environmental decline, and lowering barriers to global trade. He commented that the upcoming meeting of the G-20 presents a vital opportunity for China and the international community to redress the imbalances in the global economy, to create a more stable and equitable world for future generations. It is the first time that China is hosting this meeting of the G-20-and this is appropriate evidence of China's growing role as a major force in the global economy. The decisions at that meeting can make a difference for the world's poor--between a life of deprivation and suffering or a future with dignity and opportunity.
Trading for Results: Realizing the Promise of Doha
(2005-10-12) Wolfowitz, Paul
Paul Wolfowitz, President of the World Bank, complimented the impressive work of agencies like the Japan International Cooperation Agency and the Japan Bank for International Cooperation. Japan is a big player everywhere in the world. The World Bank depends heavily on Japanese financial markets for borrowing. Today, Japan is a major market for developing countries and a major source of development assistance. Developing countries will need assistance to help their entrepreneurs take advantage of new trade opportunities. A swift and meaningful conclusion to the Doha round is essential if the Bank is to win the fight against poverty, disease, and hunger.