Speech

Remarks at the Belt and Road Forum for International Cooperation

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collection.link.294
https://openknowledge.worldbank.org/handle/10986/24240
collection.name.294
A. Speeches by Jim Yong Kim (2012 to present)
dc.contributor.author
Kim, Jim Yong
dc.date.accessioned
2019-01-07T19:48:30Z
dc.date.available
2019-01-07T19:48:30Z
dc.date.issued
2017-05-14
dc.description.abstract
Jim 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.identifier
http://documents.worldbank.org/curated/en/297811536584334962/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-at-the-Fragility-Forum-2018
dc.identifier.uri
http://hdl.handle.net/10986/31111
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Delivered in Beijing, May 14, 2017;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
CONNECTIVITY
dc.subject
INFRASTRUCTURE INVESTMENT
dc.subject
COMPETITIVENESS
dc.subject
TRANSPORT COSTS
dc.subject
TRADE
dc.subject
NON-TARIFF BARRIERS
dc.subject
SUPPLY CHAIN
dc.subject
REGULATORY REFORM
dc.subject
MARKET ACCESS
dc.subject
ROADS
dc.subject
PORTS
dc.subject
RAILWAY
dc.subject
SILK ROAD
dc.title
Remarks at the Belt and Road Forum for International Cooperation
en
dc.type
Speech
en
okr.date.disclosure
2018-09-10
okr.doctype
Speech
okr.docurl
http://documents.worldbank.org/curated/en/297811536584334962/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-at-the-Fragility-Forum-2018
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b0860bf21c_1_0
okr.identifier.internaldocumentum
30408355
okr.identifier.report
129828
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/297811536584334962/pdf/WP-PUBLIC-Kim-Speech-on-May-14-2017.pdf
en
okr.region.administrative
East Asia and Pacific
okr.region.administrative
South Asia
okr.region.country
Afghanistan
okr.region.country
China
okr.region.country
Kazakhstan
okr.region.country
Pakistan
okr.region.country
Uzbekistan
okr.topic
Infrastructure Economics and Finance :: Infrastructure Finance
okr.topic
International Economics and Trade :: Trade Policy
okr.topic
Private Sector Development :: Legal Regulation and Business Environment
okr.topic
Transport :: Roads & Highways
okr.topic
Transport :: Railroads
okr.topic
Transport :: Ports and Waterways
okr.unit
Office of the President (EXC)

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