Tackling the Most Difficult Problems : Infrastructure, Ebola, and Climate Change
Jim Yong Kim, President of the World Bank Group states that the infrastructure gap is enormous --an estimated $1 trillion to $1.5 trillion more is needed each year. To fill this gap, the Bank needs to tap into the trillions of dollars held by institutional...
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| Format: | Speech |
| Language: | English en_US |
| Published: |
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25876159/speech-world-bank-group-president-jim-yong-kim-tackling-most-difficult-problems-infrastructure-ebola-climate-change http://hdl.handle.net/10986/24322 |
| Summary: | Jim Yong Kim, President of the World Bank Group states that the infrastructure gap is enormous --an
estimated $1 trillion to $1.5 trillion more is
needed each year. To fill this gap, the Bank needs to tap
into the trillions of dollars held by institutional
investors, most of which are sitting on the sidelines, and
direct those assets into projects that will have great
benefit for a range of developing countries. The Bank
announced the creation of the Global Infrastructure
Facility, which is designed to attract financing for
infrastructure needs. To combat Ebola, the Bank needed to
move to an emergency footing. During all of the efforts on
infrastructure, Ebola, and climate change, teams from across
the institution worked collaboratively and displayed an
inspiring commitment to innovation. The Bank will be
aggressive and creative and apply large-scale solutions to
help states manage, prepare for, recover from and conquer
the risks, so they can grow and flourish. The Bank’s strategy on climate change has five parts: carbon pricing, eliminating fuel subsidies, cleaner cities, smart agricultural policies, and renewable energy investment. |
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