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

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Opening Remarks at the 2019 Annual Meetings Opening Press Conference

(World Bank, Washington, DC, 2019-10-17) Malpass, David

David Malpass, President of the World Bank Group, highlighted the urgent priorities for discussion with shareholders. Global growth is slowing. Investment is sluggish, manufacturing activity is soft, and trade is weakening. The challenges of climate change and fragility are making poor countries more vulnerable. This backdrop makes our goals of reducing extreme poverty and boosting shared prosperity even harder. He suggested that with the right mix of policies and structural reforms, countries can unleash growth that's broadly shared across all segments of society. He spoke about how the Bank is helping countries build strong programs tailored to the unique circumstances of their economies. He highlighted the importance of education. He mentioned the proposed IDA replenishment, and reaffirmed commitment to projects on climate and on gender inclusion. In conclusion, he said that the well-designed structural reforms are needed to unlock growth and build the foundations for future prosperity.
Remarks at Media Roundtable during Annual Meetings 2019

(World Bank, Washington, DC, 2019-10-16) Malpass, David

David Malpass, President of the World Bank Group, fielded questions from the media. He spoke about fundraising for the nineteenth replenishment of IDA. He explained the importance of debt transparency. He discussed the World Bank's role in Ukraine in terms of land reform, the reform of the financial system, reform of state-owned enterprises, reform of the of Ukraine's fiscal structure, and related issues. He discussed the Bank’s work on climate change and the environment. He highlighted the sluggish growth of investment in developing countries, but with good policies, countries can find a way to go against the trend and improve their growth outlook. He commented on trade facilitation and trade integration in Africa. He cautioned about the slowness of world trade growth and its implications on developing countries.
Driving Growth from the Ground Up

(World Bank, Washington, DC, 2019-10-07) Malpass, David

David Malpass, President of the World Bank Group, spoke about the urgency of growth in developing countries. He discussed innovations in digital financial services that provide secure systems to allow poor people to electronically receive remittances, foreign aid, and social safety-net payments as well as their earnings. He cautioned about the slow global growth, and it's paramount that countries carry out well-designed structural reforms to ignite domestic growth. He highlighted on the importance of a clear analysis and understanding of a country's laws and regulations and a path of reforms or catalytic investments that will expand the private sector. Finally, he concluded by saying that World Bank Group won’t give up on its main goal of reducing extreme poverty.
Remarks by World Bank Group President David Malpass on Bretton Woods 75th Anniversary

(World Bank, Washington, DC, 2019-07-16) Malpass, David

David Malpass, President of the World Bank Group, commemorated the 75th anniversary of the 1944 conference held in Bretton Woods, New Hampshire which led to the creation of the World Bank. He spoke about key historical events and development challenges. He discussed the IDA19 replenishment and its importance to the Sahel. He noted the evolution of development policy and development finance, including highlights like the debt crisis, globally traded bonds, and Green Bonds. He mentioned advisory services and key reports produced by the Group.
Remarks from World Bank Group President David Malpass at the G20 Leaders Summit

(World Bank, Washington, DC, 2019-06-29) Malpass, David

These remarks were delivered by David Malpass, President of the World Bank Group, at the G20 Leaders Summit held in Osaka, Japan. He spoke about how giving women better access to economic opportunities is critical to eliminate differences in living standards between men and women. He highlighted We-Fi which is so important and how the Bank was proud to celebrate its two-year anniversary in Osaka. He spoke about the developing countries and the Bank's role in actively identifying changes in the private sector environment that will attract investment and enable higher living standards and better lives. He explained the Bank's work in fragile states, such as the Sahel and the Horn of Africa, to help countries build stronger foundations so that young people are more able to stay rather than seeking to immigrate. He discussed reducing inequality and realizing inclusive and sustainable growth around the world, and how addressing these requires jobs, education, healthcare, attention to the environment, and robust commerce and trade among neighbors and nations. He concluded by saying that the Bank would continue to work with all the nations on these challenges.
Forty Years of Reform and Poverty Reduction: Remarks at the International Forum on China’s Reform and Opening Up and Poverty Reduction

(World Bank, Washington, DC, 2018-11-01) Kim, Jim Yong

Jim Yong Kim, President of the World Bank Group, spoke about the following: i) understand China’s journey and get the historical record right; ii) understand China’s past reforms, because they are important for future reforms; iii) understanding China’s reforms is increasingly important for the rest of the world; iv) china’s reform and opening up program, which was the foundation for the rapid growth that allowed people to lift themselves out of poverty; v) a focused and sustained effort targeted at poverty reduction throughout the reform period.
Remarks at the 2018 Annual Meetings Plenary

(World Bank, Washington, DC, 2018-10-12) Kim, Jim Yong

Jim Yong Kim, President of the World Bank Group, discussed reducing poverty by using a three-pillar strategy. First, drive inclusive, sustainable economic growth by crowding in private sector investment, help countries manage debt levels, and harness the power of technology like FinTech. Second, build resilience to shocks and threats by taking urgent action on climate change, and help countries share the risks of disasters with the capital markets. Third, help countries invest more, and more effectively in their people to prepare for what is certain to be a more digitally-demanding future. He spoke in length about Human Capital Index.
Remarks on Partnering to Address Severe Food Insecurity

(World Bank, Washington, DC, 2018-09-23) Kim, Jim Yong

Jim Yong Kim, President of the World Bank Group, said that this is a fundamental moral issue. The fact that tens of millions of people are at risk of starving to death is a tragedy. And in the 21st century, the fact that we haven’t ended famine is a collective failure of shameful proportions. It’s also a critical economic issue. From a human capital standpoint, famines raise child mortality, increase stunting, and impair cognitive development for children in utero at the time of the famine and of the children who survive. First, early warning must translate into early action. Investing in more proactive responses to avert humanitarian crises could save millions of lives, and it can also reduce the costs to the international community by as much as 30 percent. Second, we need sustained collective action, before, during, and after crises. Third, we need to work to develop more comprehensive approaches to famine prevention, preparedness, and early action.
Remarks at the Opening Press Conference at the 2018 Spring Meetings

(World Bank, Washington, DC, 2018-04-19) Kim, Jim Yong

Jim Yong Kim, President of the World Bank Group, discussed a few items that are on the agenda for at these meetings. He launched the latest edition of our Global Findex financial inclusion database, which tracks how people use financial services. The World Bank Group is dedicated to ending poverty wherever it exists in client countries. He mentioned two specific initiatives to support that effort: first, a significant of new financial innovation; and second, to review all possible options to enhance IBRD and IFC's financial capacity and develop a package of measures for governors' consideration. He believes a good case for how a stronger World Bank Group can meet the aspirations of shareholders, respond to global challenges, mobilize capital at scale, and make the institution even more efficient and effective.
Rich and Poor: Opportunities and Challenges in an Age of Disruption

(World Bank, Washington, DC, 2018-04-10) Kim, Jim Yong

Jim Yong Kim, President of the World Bank Group, spoke about how before 1800 everybody was poor and lived in poverty. He referred to the young people now who may not own a smart phone, but who have access to smart phones. By 2025, as many analysts are saying, the entire world will have access to broadband. He examined three ways to end extreme poverty, that is, people living under 1.90 US dollars a day, by 2030. First, focus on inclusive, sustainable economic growth. Second, focus on fostering resilience to pandemics, climate change, refugees, fragility, conflict, and violence. Third, invest more and more effectively in people.