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    Speech at the Session on New Challenges and Solutions for the World’s Sustainable Development
    (World Bank, Washington, DC, 2017-09-12) Kim, Jim Yong
    Jim Yong Kim, President of the World Bank Group (WBG), spoke about how the global economy as a whole is in a period of strengthening growth, and this momentum in growth is driven by global manufacturing activity and trade, broadly stable financing conditions, and stabilized commodity prices. Escalating trade protectionism in major economies threatens to derail the rebound in global trade. He explained the severe consequences, especially for emerging markets and developing economies (EMDEs) that rely on trade for growth and development. He insisted on the need to maximize financing for development by leveraging the private sector and optimizing the use of scarce public resources. He spoke about the development of the joint principles for crowding in private sector finance. Crowding in private finance should free up public funds to invest more in people. He concluded by saying that WBG can make the global market system work for everyone through sustainable development, including inclusive economic growth, investing in people, and building resilience to shocks and threats.
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    Inclusive and Sustainable Industrialization in the Future Global Development Agenda
    ( 2015-07-14) Kim, Jim Yong
    Remarks delivered by Jim Yong Kim, President of the World Bank Group discuss the critical role of inclusive and sustainable industrialization in the future global development agenda, including to end extreme poverty by 2030. He speaks about working with UNIDO and the government of Ethiopia to ensure that new industrial parks make use of recycled water and renewable resources, develop green areas, and reflect upgraded environment standards and environmental inspection systems. The World Bank Group is looking for opportunities to work closely with UNIDO on industrial zones in Senegal.
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    Billions to Trillions: Ideas to Actions
    ( 2015-07-13) Kim, Jim Yong
    Remarks delivered by Jim Yong Kim, President of the World Bank Group, focus on moving from ideas to action for mobilizing trillions of dollars needed for development. He notes that with the end of the Millennium Development Goals and the introduction of the Sustainable Development Goals comes an opportunity to make important changes in how we approach development. He suggests exploring ways to use our shareholder capital, innovative financing solutions, knowledge, and convening power to catalyze and crowd-in trillions of public and private sector dollars. The flexibility of the MDB model, which allows us to leverage these investments through the development of innovative solutions to global challenges. To go from billions in official assistance to trillions in investments, we will have to push even further our willingness to collaborate through creative partnerships.
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    Remarks at Plenary Session, Third International Conference on Financing for Development, Addis Ababa, Ethiopia, July 13, 2015
    ( 2015-07-13) Kim, Jim Yong
    Remarks delivered by Jim Yong Kim, President of the World Bank Group, discuss building on Ethiopia’s legacy by presenting the world with a shared vision for substantially increasing funding for the world’s poor. He talks about the need to be bold, creative, form strong partnerships, and find new resources to meet our goals of reducing poverty in the world. He talks about how the funding we leverage means more children will be educated, more patients will be treated, and more vital services will be provided. He concludes that we are part of a growing global movement that is the first generation in humankind that can end extreme poverty.