Publication:
Remarks at the Belt and Road Forum for International Cooperation

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dc.contributor.authorKim, Jim Yong
dc.date.accessioned2019-01-07T19:48:30Z
dc.date.available2019-01-07T19:48:30Z
dc.date.issued2017-05-14
dc.description.abstractJim Yong Kim, President of the World Bank Group, is inspired by Belt and Road Initiative, which will improve trade, infrastructure, investment, and people-to-people connectivity – not just across borders, but on a trans-continental scale. It has the potential to lower trade costs, increase competitiveness, improve infrastructure, and provide greater connectivity for Asia and its neighboring regions. To ensure the Belt and Road Initiative’s success, we need to remember these things: First, because of the Initiative’s sheer size, the estimated investment needs will be large. Second, individual countries are at different stages of development, with varying capabilities, constraints, and risk profiles. They will need support mechanisms to define and meet consistent, satisfactory standards. Third, the benefits of the Belt and Road Initiative are broader than one project or one country. Projects will require innovative financing mechanisms – a mix of public and concessional finance and commercial capital. Finally, our decades of experience with large infrastructure projects suggest that project preparation and appropriate risk allocation will be critical for success.en
dc.identifierhttp://documents.worldbank.org/curated/en/297811536584334962/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-at-the-Fragility-Forum-2018
dc.identifier.doi10.1596/31111
dc.identifier.urihttps://hdl.handle.net/10986/31111
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesDelivered in Beijing, May 14, 2017;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCONNECTIVITY
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectCOMPETITIVENESS
dc.subjectTRANSPORT COSTS
dc.subjectTRADE
dc.subjectNON-TARIFF BARRIERS
dc.subjectSUPPLY CHAIN
dc.subjectREGULATORY REFORM
dc.subjectMARKET ACCESS
dc.subjectROADS
dc.subjectPORTS
dc.subjectRAILWAY
dc.subjectSILK ROAD
dc.titleRemarks at the Belt and Road Forum for International Cooperationen
dc.typeSpeechen
dc.typeDiscoursfr
dc.typeDiscursoes
dspace.entity.typePublication
okr.crossref.titleRemarks at the Belt and Road Forum for International Cooperation
okr.date.disclosure2018-09-10
okr.doctypeSpeech
okr.docurlhttp://documents.worldbank.org/curated/en/297811536584334962/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-at-the-Fragility-Forum-2018
okr.guid297811536584334962
okr.identifier.doi10.1596/31111
okr.identifier.externaldocumentum090224b0860bf21c_1_0
okr.identifier.internaldocumentum30408355
okr.identifier.report129828
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/297811536584334962/pdf/WP-PUBLIC-Kim-Speech-on-May-14-2017.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.administrativeSouth Asia
okr.region.countryAfghanistan
okr.region.countryChina
okr.region.countryKazakhstan
okr.region.countryPakistan
okr.region.countryUzbekistan
okr.topicInfrastructure Economics and Finance::Infrastructure Finance
okr.topicInternational Economics and Trade::Trade Policy
okr.topicPrivate Sector Development::Legal Regulation and Business Environment
okr.topicTransport::Roads & Highways
okr.topicTransport::Railroads
okr.topicTransport::Ports and Waterways
okr.unitOffice of the President (EXC)
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3. Speeches by Jim Yong Kim (2012-19)