Wolfensohn, James D.2017-02-242017-02-241999-05-03https://hdl.handle.net/10986/26168James D. Wolfensohn, President of the World Bank Group, reassessed the global financial architecture and its impact on Latin America. Latin American countries, being small economies, are very vulnerable to world pressures. After a huge drop in private sector finance, we’re seeing the first signs of return. What we need now is greater transparency and supervision in banking and the private sector—and a better common set of principles and standards. We need decent government, trained government, with capacity at all levels. We need legal systems that work. We must ensure social safety nets are in place. The things that bring about equity in a society are education and knowledge. Latin America’s kids need stability and social justice.en-USCC BY 3.0 IGOACCOUNTING PRINCIPLESGROWTH RATESMONETARY POLICYCIVIL SERVANTCAPITAL MARKETSBASIS POINTSDEVELOPMENT ASSISTANCEACCOUNTINGDEPOSITSPEOPLECORRUPTINTERNATIONAL CAPITALPOLITICSFINANCINGVILLAGEPRINCIPALFLOW OF FUNDSFUTURESADMINISTRATION OF JUSTICEINSTITUTIONAL INVESTORSLAWSPRIVATIZATIONGOVERNMENTGOVERNMENT OFFICIALSPROPERTY RIGHTSEXCHANGEPOLITICIANSSOCIAL SAFETY NETDEVELOPING COUNTRIESINTERNATIONAL CAPITAL MARKETSECONOMIC STRUCTURESOCIAL RESPONSIBILITYMINISTERBONDSECONOMIC POLICYDISTANCE LEARNINGSOCIAL STRUCTUREPROJECTSBUSINESS ASSOCIATIONSCORRUPTIONACCESS TO MARKETBANKRUPTCYADEQUATE DISCLOSUREAVAILABILITY OF BANK FINANCINGAUDITSSAFETY NETSREGULATORY AUTHORITIESSMALL BUSINESSCOMMUNICATIONSLEGAL SYSTEMSOIL PRICESGLOBAL ECONOMYFINANCESCIVIL SOCIETYEXCHANGE RATESMONETARY FUNDFINANCIAL INSTITUTIONSDEBTMARKETSRETURNCONFIDENCELENDERSLAND OWNERSHIPLOANSFARMERSFINANCIAL SYSTEMBANK FINANCINGFINANCEMARKET ECONOMIESBANKSJUDICIAL SYSTEMSMALL LOANSUNIONSDEPOSITORSEQUITYBANKRUPTCY LAWSINVESTORSSOCIAL SAFETY NETSBOND MARKETSGOODCAPITALPOLICIESSOCIAL JUSTICETRANSPARENCYINTERNATIONAL INVESTMENTFAMILYBANKCREDITACCESSIBILITYINVESTMENT BANKSAFETY NETACCESS TO BOND MARKETSFUTURES MARKETPRIVATE SECTOR FINANCINGREPAYMENTPROPERTYMARKETACCESS TO MARKETSTRADE UNIONSPOLICYMICROCREDITGOVERNANCEJUSTICEINTERNATIONAL INVESTMENT BANKTRADEINTERESTSLANDLEGAL SYSTEMINVESTMENTBONDORGANIZATIONPOVERTYBORROWINGSBANKINGINSTITUTIONAL DEVELOPMENTPUBLIC SCHOOLSJUSTICE SYSTEMGREATER ACCESSLENDINGCHECKLEADERSHIPEXCHANGE RATEOUTREACHFINANCIAL SYSTEMSCOMMODITY PRICESGOVERNMENTSCOMMODITYINTERNATIONAL INVESTORSINTERNATIONAL BANKSPRICESGROUPS OF PEOPLEGUARANTEEDEVELOPMENT BANKINVESTINGSpeechWorld Bank10.1596/26168