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Speech

Opening Press Conference at the IMF-World Bank Spring Meetings, April 10, 2014

GROWTH RATES CREATION OF JOBS DEFICIT FINANCIAL SERVICES BORROWER BASIS POINTS POVERTY LINE ECONOMIC GROWTH DEVELOPMENT ASSISTANCE LOCAL BANK URBANIZATION PEOPLE FINANCING INCOME INTEREST MEDIUM TERM PUBLIC SECTOR STRATEGIES DEBT MANAGEMENT SERVICES DEVELOPING COUNTRIES HOUSING PORTFOLIO WELFARE POOR PEOPLE PUBLIC BUDGETS PROJECTS PRICE CASH TRANSFER RESERVE DEVELOPING COUNTRY EMERGING MARKET ECONOMIES BUDGET MATURITY ACCESS TO FINANCIAL SERVICES REDUCING INEQUALITY COMMUNICATIONS ADVANCED COUNTRIES LABOR MARKET FISCAL POLICIES SAVINGS GLOBAL ECONOMY CURRENCY LOCAL BANKS FINANCIAL STRENGTH DISBURSEMENT CURRENT ACCOUNT DEVELOPING COUNTRY ECONOMIES TRADING WORLD ECONOMIES PRODUCTIVITY MIGRATION MONETARY FUND EMERGING MARKET FINANCIAL INSTITUTIONS DEBT MARKETS RETURN LAND RIGHTS POLLUTION LABOR LOANS FARMERS ENTERPRISES SUBSIDIES FINANCE GRANTS INFRASTRUCTURE MARKET ECONOMIES TAXES BANKS EMERGING MARKETS DEVELOPMENT RESEARCH INVESTORS FEDERAL RESERVE REDUCING POVERTY GOOD DEVELOPMENT REPORT CAPITAL LACK OF ACCESS ACCESS TO CAPITAL CARBON TRADING WOMAN FUTURE ACCESS TO FINANCE GROWTH PROSPECTS BANK RETURNS BUDGETS STATE-OWNED ENTERPRISES DEVELOPING WORLD CONTRACT DISBURSEMENTS JOB CREATION SHARES REFUGEES MARKET INFRASTRUCTURE PROJECTS POST- CRISIS PERIOD DEBT RATIOS SOCIAL WELFARE CURRENCIES ECONOMIC DEVELOPMENT LAND INVESTMENT EXTREME POVERTY FINANCIAL INTERMEDIARIES SHARE DEVELOPING ECONOMY HOUSEHOLDS POVERTY BUSINESS ENVIRONMENT GREATER ACCESS LENDING CAPITAL FLOW FEES RENEWABLE ENERGY FAMILIES WOMEN PUBLIC SPENDING GOVERNMENTS CURRENT ACCOUNT BALANCES INEQUALITY COMPETITION GROWTH
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Middle East and North Africa | Middle East | China | Russia | Ukraine | Ghana | Egypt | Paraguay
2016-05-24T16:48:21Z | 2016-05-24T16:48:21Z | 2014-04-10

Jim Yong Kim, President of the World Bank Group, notes that the developing countries will have to grow at a pace stronger than any time in the past 20 years to achieve the goal of ending the extreme poverty by 2030. He talks about the need for growth that is inclusive, creates jobs, and assists the poor directly. He calls for ensuring economic growth in the years ahead that is sustainable and takes us off the destructive path of climate change. He focuses on providing the best services possible in countries by keeping a strong presence in country offices and by providing global solutions to local problems. He is optimistic that countries and their partners will take it on, seize this opportunity and erase this stain of extreme poverty from our collective moral conscience once and for all. He fielded questions about China urbanization, Russo-Ukrainian tensions, Ghana’s dependence on the U.S. market, quality versus quantity of development aid, Middle East prospects, World Bank programs in Egypt, poverty in Paraguay, increased fees for advisory services, use of financial intermediaries, and climate change.

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