(World Bank, Washington, DC, 2010-04-14)
Zoellick, Robert B.
Robert B. Zoellick, President of the World Bank Group, spoke on the theme that we are now in a new, fast-evolving multipolar world economy in which outdated classifications no longer fit. He discussed these topics: (i) the end of the third world; (ii) multilateralism matters; (iii) new sources of demand; (iv) new poles of growth; (v) Africa as a potential pole of growth; (vi) economic shifts mean potential power shifts; (vii) the danger of geo-politics as usual; (viii) financial reform; (ix) climate change; (x) managing for crisis response; (xi) new role for rising powers; (xii) what does this changing world mean for development?; (xiii) modernizing multilateral institutions; (xiv) reforming to become more representative and legitimate; and (xv) reforming by adding resources; and (xvi) reforming to become more effective, innovative, and accountable. We need a League of Networks.
World Bank Group President, James Wolfensohn addressed the Board of
Governors. In the
past year the Bank launched a new initiative—the
Comprehensive Development Framework (CDF). The aim was to
bring the social and the structural aspects of development
together with the macroeconomic and the financial so as to
establish a much more balanced and effective approach. The
Bank will work with the broad development community—the
United Nations, the European Union, bilaterals, regional
development banks, civil society, and the private sector—to build genuine partnerships. The CDF is now being piloted
in 13 countries. The general experience reviewed that
strengthening the organization, human capacity, and the
structure of the state, both at central and local levels, is
the first priority to reduce poverty. The speaker also
called for a coalition for change in the new international
development architecture in the face of globalization.