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

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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.
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.
Remarks at Opening Press Conference, World Bank/IMF Spring Meetings, Washington, DC, April 16, 2015

( 2015-04-16) Kim, Jim Yong

Jim Yong Kim, President of the World Bank Group, discusses promoting strong economic growth in developing countries. He speaks about the need to invest in people, especially in education, health and to build social safety nets and protections against both natural disasters and pandemics to ensure that people don't remain trapped in extreme poverty. He talks about the challenges in trying to work in all kinds of complex political situations, so that whatever happens to be going on in the political sphere, we can continue to work to lift people out of poverty and boost shared prosperity. He talks about multilateralism that is always complicated and is always fraught with disagreements. He promises to continue to try to engage with governments to have that impact. He mentioned reports released about the Bank’s resettlement history. The transcript includes the Q&A session.
Media Q and A at G20 Meeting, Brisbane, Australia, November 14, 2014

( 2014-11-14) Kim, Jim Yong

Jim Yong Kim, President of the World Bank Group, discusses setting a clear target for growth. He is pleased with the focus on infrastructure. The World Bank, the Asian Development Bank, African Development Bank, and the Inter-American Development Bank plus others, together will supply about $100 billion in support for infrastructure. Kim fielded questions about the fight against Ebola, the proposal for a contingency fund to prevent future outbreaks, developing country expectations of the G20 summit, inequality, the Global Infrastructure Facility, and the China-US pact and climate change.
Remarks at the Development Committee Press Conference, IMF-World Bank Annual Meetings, Washington, D.C., October 11, 2014

( 2014-10-11) Kim, Jim Yong ; Lagarde, Christine

Jim Yong Kim, President of the World Bank Group, discusses the problem of global inequality. He speaks about the commitment for building the platform which would bring the expertise of not only the World Bank, but the International Monetary Fund (IMF) and other multilateral development banks, to prepare projects and bridge the gap in what is a market failure. He speaks about the companies that were represented, sovereign wealth funds, the countries that had signed on, including China, which has made very strong commitments to finding a price on carbon for the world. He highlights about the need for some source of funding that will disperse immediately on the occasion of the next epidemic, and the global community needs to come together to decide what the response will be. Christine Lagarde, IMF Managing Director, commended Kim on his efforts in the fight against Ebola. Lagarde noted that much of Africa is growing and creating jobs. The two fielded questions on Ebola, the role of China in these institutions, China’s investment-led growth strategy, and the Asian Infrastructure Investment Bank.
A Conversation with Al Jazeera’s Ali Velshi and World Bank Group President Jim Yong Kim

( 2014-04-09) Kim, Jim Yong ; Velshi, Ali

Jim Yong Kim, President of the World Bank Group, discusses how the World Bank is focused on a prosperity that is shared by everyone, and to lift the billion or so people living in extreme poverty out of that condition so that they can have those things that everybody in the world seems to want. He speaks about the inequality in the economic growth of the countries around the world. He highlights the health care and education sectors as essential to improving lives in developing countries. He points to the fact that the time is now to think about positive ways of moving in a direction to grow economies and at the same time, increase the participation of everyone. He talks about how the World Bank Group is working very hard now to reduce bureaucratic processes so that people in the countries feel a difference. He speaks about climate change and the challenges involved in tackling it. He concludes by saying that they're looking at every possible way of investing in people, of spurring innovation.
Count on Us

( 2014-04-01) Kim, Jim Yong

Jim Yong Kim, President of the World Bank Group, discusses fundamental issues in global development and the World Bank Group's role in helping countries and the private sector meet the greatest challenges in development. He speaks about the twin goals, to end extreme poverty by 2030 and to boost shared prosperity. Due to television, everyone knows how everyone else lives. We must not remain voluntarily blind to the impact of economic choices on the poor and vulnerable. He added that we must ensure that our economic progress does not irreparably compromise our children’s future due to climate change. World Bank’s lending capacity – or the amount of loans we can carry on our balance sheet -- will increase by $100 billion dollars in the next decade, to roughly $300 billion dollars. He concludes by saying that all parts of our global society must unite to translate the vision of a more just, sustainable economy into the resolute action. That will be our legacy to the future. Dr. Kim fielded questions.
A Dynamic Partnership in New Frontiers – Africa

( 2013-12-03) Kim, Jim Yong

Jim Yong Kim, President of the World Bank Group, called the country "an exceptional example of an aid recipient turned donor" and urged business leaders to invest in Africa to help millions of Africans emerge from poverty, while also finding strong economic returns in new markets. It used to be that if you wanted to do something around development, the focus was on official development assistance, foreign aid. Korea is one of the countries that benefited tremendously from foreign assistance. The World Bank made many investments in the Republic of Korea and to a great extent some of the greatest successes were related to the relationship between the Republic of Korea and the World Bank Group. For countries to have the same experience that Korea has had--going from one of the poorest countries in the world to now being the 14th largest economy in the world--the private sector will have to play a critically important role.
Development Committee Closing Press Conference

( 2013-10-12) Belka, Marek ; Kim, Jim Yong ; Lagarde, Christine

Jim Yong Kim (President of the World Bank Group), Christine Lagarde (Managing Director of the International Monetary Fund), and Marek Belka (Chairman of the Development Committee) made opening statements. Belka emphasized that the twin goals of ending extreme poverty and promoting shared prosperity must be pursued in a sustainable manner. Over the past six months, we have witnessed intensive consultations and analysis designed to put the flesh on the bones--to work out a detailed strategy by which the Bank Group will set out to translate the goals into operational programs with its borrowing member countries. Kim highlighted one major shift in the strategy—leveraging IDA to increase investment in fragile states. Lagarde focused on growth in Sub-Saharan Africa, including increased technical assistance. Replenishment of the Poverty Reduction and Growth Trust fund has passed the 90 percent threshold. Media raised questions on emerging markets, the Mexican economy, global growth, tapering, unconventional monetary policy, U.S. growth.
Speech at World Bank/IMF Annual Meetings Plenary, Washington, D.C., October 11, 2013

( 2013-10-11) Kim, Jim Yong

Jim Yong Kim, President of the World Bank Group, discusses the state of the global economy, and lessons drawn to the future of the World Bank Group. He mentioned strengthening Group financial discipline to become more efficient and to grow revenues. He promises that the World Bank Group will openly share our knowledge and experience with all 188 member countries, the private sector, and civil society. He wants to create a culture that retains the most motivated and talented people and attracts the best and brightest to the World Bank Group. He believes to chart a path toward universal financial access by bringing together multiple approaches and technologies. He promises to reduce transaction times by a third from conception of a project to first disbursement of funds. He concludes by saying that, working together with governments and development partners, have helped lift hundreds of millions of people out of extreme poverty.