10. Speeches of World Bank Presidents [collection under construction]

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Remarks at the Council of the Americas

( 1999-05-03) Wolfensohn, James D.

James D. Wolfensohn, President of the World Bank Group, reassessed the global financial architecture and its impact on Latin America. Latin American countries, being small economies, are very vulnerable to world pressures. After a huge drop in private sector finance, we’re seeing the first signs of return. What we need now is greater transparency and supervision in banking and the private sector—and a better common set of principles and standards. We need decent government, trained government, with capacity at all levels. We need legal systems that work. We must ensure social safety nets are in place. The things that bring about equity in a society are education and knowledge. Latin America’s kids need stability and social justice.
Keynote Address on Preserving the Architecture of Historic Cities and Sacred Places

( 1999-05-03) Wolfensohn, James D.

James D. Wolfensohn, President of the World Bank Group, discussed the importance of preserving culture, cities and architecture, and sacred sites. The international system has to be built on structure, on governance, on justice, on legal systems, on social systems, but it also has to be built on history and culture. You do not have to have a dollar sign on something for it to be valuable or for it to be essential. You cannot have an international financial architecture built on sand. He discussed the overwhelming issue of poverty, concentration of people in cities, the pressure on public services and public spaces, and the degradation that accompanies movements of people into cities.
The Santiago Consensus: From Vision to Reality

( 1998-04-19) Wolfensohn, James D.

James D. Wolfensohn, President of the World Bank Group, discussed a new consensus on economic and social policy in this hemisphere that has been taking shape. This new consensus is one based on recognition of the paramount importance of what I called a few months ago in Hong Kong "The Challenge of Inclusion" — the challenge of ensuring that economic progress can become a reality in the lives of all the people of this region, especially the tens of millions who until now been very largely left behind. Chile has made commitments to a new model of Open Regionalism. The consensus goes beyond economics and finance, into the social dimension of development. It is time to retire once and for all that tired old phrase of the so-called Washington Consensus. In addition to financial resources, the Bank is determined to harness the incredible power of new information technologies, and a new spirit of openness and partnership, to make knowledge of global best-practice in development accessible to all. We are already engaged in building the internal architecture of a "Knowledge Bank." The Bank of the future will be committed to pulling its weight in translating the Santiago Consensus into reality at both the national and the regional level.