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  • Publication
    Financing Clean Energy: A Framework for Public-Private Partnerships to Address Climate Change
    (2007-03-13) Wolfowitz, Paul
    Paul Wolfowitz, President of the World Bank, discussed how to meet the rising demand for energy while reducing our carbon footprint. Rich countries need to lead by example, renovating and replacing infrastructure and investing in clean technology. Rich countries also need to lead with direct support to developing nations, both to reduce poverty and reduce carbon emissions. Moving to a low carbon path will require investments, and a long-term equitable global regulatory framework to reduce greenhouse gas emissions. The Bank has been actively supporting climate-friendly solutions in four areas: efficiency and conservation, renewable energy, forest preservation, and adaptation to climate change.
  • Publication
    Lebanon Donors Conference--Paris III
    (2007-01-25) Wolfowitz, Paul
    Paul Wolfowitz, President of the World Bank, remarked that Lebanon stands at a critical crossroad in the wake of the war in the previous summer. Lebanon now needs to go beyond reconstruction. He reviewed the implementation of the Lebanese Government’s economic and social reform program. The World Bank Group is providing financing support in three areas: first, the unprecedented step of providing grants from World Bank Group income for recovery and reconstruction. Second, the International Finance Corporation will provide 250 to 275 million dollars in financing for Lebanon’s financial and business community, including a guarantee program for small and medium-sized enterprises and a trade finance facility. Third, the Bank extended up to 700 million dollars in IBRD financing to support the implementation of the Government’s program, particularly its efforts to stimulate growth and to meet the needs of the poorest and most vulnerable elements of the population. The Bank is prepared to continue and intensify efforts in assisting the Government to implement its programs, to build institutional capacity, to improve procurement and financial management to undertake sector reforms, with a particular focus on those sectors such as power, which are key to the overall success of the program.The people of Lebanon have called on the world to help revive their economy. We have an opportunity to restore hope and stability that the Lebanese people and their children so deeply deserve.
  • Publication
    Moving Forward from Singapore
    (2006-09-20) Wolfowitz, Paul
    Paul Wolfowitz, President of the World Bank, discussed giving the poor people of the world a chance to escape poverty. He spoke about the actions to promote good governance that are crucial to successful economic development, poverty reduction and helping member countries achieve the Millennium Development Goals. He mentioned issues of global import, particularly the prospects for the Doha Round and the issue of clean, efficient, and affordable energy. He concluded by saying that the Bank Group will continue to remain active in a variety of international efforts to provide global public goods.
  • Publication
    Reaching for a Double Dividend
    (2005-12-20) Wolfowitz, Paul
    Paul Wolfowitz, President of the World Bank, shared his thoughts about how the global community can face the double challenge of protecting our environment and strengthening our economies. Brazil is working to turn this double challenge into a double dividend, by meeting energy needs that are essential for growth and fighting poverty, while leaving a smaller environmental footprint. Investing in the environment is investing in the future of the poor. To improve the lives of the poor and to create job opportunities for them, the developing countries need much more energy than they use today. The second and much greater challenge lies in slowing the threat of deforestation. The World Bank Group’s mission is to support economic development and policies that helps the poor. He concluded saying that we can and will continue to work with Brazil to raise global consciousness about our shared responsibility toward our environment.