Publication: A Time to Act : Address to the Board of Governors, Washington, DC, September 29, 2002
Date
2002
ISSN
Published
2002
Author(s)
Wolfensohn, James D.
Abstract
This is the address to the Board of
Governors, delivered by Mr. James D. Wolfensohn, President
of the World Bank. It was indicated that the development
community has confirmed the Millennium Development Goals as
our framework for action. Our thinking and action must be
local, regional, and global, and we must work and act
together. First and foremost, developing country leaders
have asserted that the responsibility for the future of
their countries is in their hands. They know that they must
drive their development and create a constructive
environment to encourage growth that is equitable and just
for poor people, indeed for all people. This growth must be
based on sound social and economic policies. To create the
conditions for entrepreneurship, productivity, and jobs, the
developing countries must invest in health and education,
including early childhood education. These countries must
also invest in effective legal and judicial systems; clear
tax and regulatory frameworks implemented in approaches that
fight corruption at all levels; and strong and
well-regulated financial systems. It was also indicated that
the Bank must focus on implementation of our promises to
work toward the Millennium Development Goals. Our operations
must become more transparent. We must support developing
countries to better build their capacity. We must act now on
our promises. We must deliver on them with a sense of
urgency. This is our responsibility and our destiny.
Citation
“Wolfensohn, James D.. 2002. A Time to Act : Address to the Board of Governors, Washington, DC, September 29, 2002. © Washington, DC: World Bank. http://openknowledge.worldbank.org/entities/publication/5a29bfba-1bf7-53de-a561-ebdc978db94d License: CC BY 3.0 IGO.”