Jim Yong Kim, President of the World Bank Group, discusses fundamental issues in global development and
the World Bank Group's role in helping countries and
the private sector meet the greatest challenges in
development. He speaks
about the twin goals, to end extreme poverty
by 2030 and to boost shared prosperity. Due to television, everyone knows how everyone else lives. We must not remain voluntarily blind to the impact of economic choices on the poor and
He added that we must ensure that our economic progress does not irreparably compromise our
children’s future due to climate change. World Bank’s lending capacity –
or the amount of loans we can carry on our balance sheet -- will increase by $100 billion
dollars in the next decade, to roughly $300 billion dollars.
He concludes by
saying that all parts of our global society must unite to
translate the vision of a more just, sustainable economy
into the resolute action. That will be our legacy to the
future. Dr. Kim fielded questions.
Authors and Publishers
Kim, Jim Yong
The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.