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  • Publication
    Remarks at the Foreign Correspondents Club of Japan, Tokyo, March 13, 2015
    (2015-03-15) Kim, Jim Yong
    Jim Yong Kim, President of the World Bank Group, discusses the two goals that shape the mission of the World Bank Group: ending extreme poverty by 2030 and boosting shared prosperity. He speaks the need to accelerate a kind of economic growth that’s more inclusive, socially sustainable, and protects the environment. He talks about climate change. The frequency, intensity, and duration of extreme climatic events will increase. Droughts, earthquakes, and typhoons will only become worse in the future. He appreciates Japan’s focus on doing things before a disaster strikes, as it saves lives and money. He talks about working to refocus developing countries on prevention and preparedness when it comes to disaster risk management. He commends Japan that has been supportive of the World Bank Group’s efforts to make innovative financing mechanisms available to governments of developing countries. He appreciates Japan's contribution towards Ebola crisis. He concludes by saying that the Japan's accumulated wisdom has shown the world that taking the proper precautions can save thousands of lives as well as billions of dollars in lost economic growth.
  • Publication
    Japan’s Role in Africa
    (2005-10-11) Wolfowitz, Paul
    Paul Wolfowitz, President of the World Bank, discussed how Japan’s success is an inspirational example for developing countries. Now, Japan is the second largest shareholder in the World Bank and a valued partner. Today the world is challenged to help the poor countries achieve the millennium development goals and that Japan and the World Bank have a common set of priorities in that endeavor. The Hong Kong round of the Doha development trade round is a big challenge ahead. The relationship between Japan and the World Bank is one of the most critical ones.
  • Publication
    Foundations for a More Stable Global System
    (1999-03-01) Wolfensohn, James D.
    James D. Wolfensohn, President of the World Bank Group, discussed the global financial architecture and developing countries. A stable financial architecture cannot be achieved without the proper structural, institutional, social and human foundations needed to make a modern market economy work. He identified the elements that should guide the choices of national governments, and the work that international institutions can do to assist them, and partnerships and co-operation between institutions. These include, first, good governance, strong public institutions, and a system that fights corruption; second, strong legal and a justice system able to guarantee the execution of those laws; and third, a well-regulated financial superstructure. Our social agenda should begin with those elements at the very heart of ensuring an opportunity at all levels of society: a good health system and an education system available to boys and girls equally. The environment is a crucial element in our foundation. We must resist a one-size-fits-all approach. At the Bank we work toward a comprehensive development framework agreed with each partner country.