Development Committee Closing Press Conference
Marek Belka, Chairman of the Development Committee, stated that there was a very broad, uniform support for the twin goals of the World Bank Group. He noted the resounding support for internal reforms at the World Bank Group. Jim Yong Kim, President of the World Bank Group, spoke about the change p...
| Main Authors: | , , |
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| Format: | Speech |
| Language: | English en_US |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/02/25871047/transcript-world-bank-group-president-jim-yong-kim’s-spring-meetings-2014-closing-press-conference http://hdl.handle.net/10986/24335 |
| Summary: | Marek Belka, Chairman of the Development Committee, stated that there was a very broad,
uniform support for the twin goals of the World Bank Group. He noted the resounding support for internal reforms at the World Bank Group. Jim Yong Kim, President of the World Bank Group, spoke about the change process and the success in
developing and bringing together Global Practices and
cross-cutting solution areas throughout the world. He noted the IDA replenishment and new financial arrangements that will allow increased lending in the next few years. He
concludes by noting the need for a carbon price and
the need to reduce fossil fuel subsidies, the importance of
energy efficiency and improved performance
standards, and and also long-term
finance for renewable energy. Christine Lagarde, IMF Managing Director, affirms that the IMF will
continue to work on the issues of inequality, gender inclusion, growth,
and the job market, and the fiscal aspect of climate change and
how those matters of macroeconomic criticality can be addressed using fiscal tools.
They fielded questions on IMF governance reform, the impact of technological change on employment, and the pace of the Global Infrastructure Facility. |
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