Development Committee Closing Press Conference

Jim Yong Kim (President of the World Bank Group), Christine Lagarde (Managing Director of the International Monetary Fund), and Marek Belka (Chairman of the Development Committee) made opening statements. Belka emphasized that the twin goals of ending extreme poverty and promoting shar...

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Bibliographic Details
Main Authors:	Belka, Marek, Kim, Jim Yong, Lagarde, Christine
Format:	Speech
Language:	English en_US
Published:	2016
Subjects:	CREDIT LINE EDUCATION SYSTEMS GROWTH RATES EMERGING MARKETS MONETARY POLICY RISKS CAPITAL MARKETS MARKET COUNTRIES CONSUMPTION SOVEREIGN DEBT PARTICULAR COUNTRY GOOD DEVELOPMENT ASSISTANCE PEOPLE CAPITAL VOLATILITY FINANCING GROWTH TRUST INTEREST INFRASTRUCTURE FINANCING INCOME FUTURE VALUE DEVELOPMENT BANKS GUARANTEES BANK CREDIT WORLD ECONOMY LONG-TERM CAPITAL EXCHANGE DEVELOPING COUNTRIES MULTILATERAL DEVELOPMENT DEVELOPING ECONOMIES ECONOMY FISCAL POLICY MARKET DEFAULT INFRASTRUCTURE PROJECTS MONETARY POLICIES LEVERAGES EMERGING MARKET ECONOMIES POVERTY REDUCTION EMERGING MARKET COUNTRIES DEBT MARKET ADVANCED COUNTRIES SAVINGS TECHNICAL ASSISTANCE GLOBAL ECONOMY INVESTMENT COMMERCE CURRENCY EXTREME POVERTY RISK BOND HIGH INTEREST RATES ADVANCED ECONOMIES POVERTY LOW-INCOME COUNTRIES BUSINESS ENVIRONMENT INCOME GROWTH SOVEREIGN DEBT MARKET REVENUE INTEREST RATES PROFIT MONETARY FUND BORROWING COUNTRY TO COUNTRY EMERGING MARKET MARKETS DEBT CAPITAL MARKET CHAMBER OF COMMERCE FISCAL CONSOLIDATION LEVERAGE FINANCIAL VOLATILITY EXCHANGE RATE STRUCTURAL REFORMS WOMEN GUARANTEE FINANCE ECONOMIES MARKET ECONOMIES CONSOLIDATION INVESTING BANKS
Online Access:	http://documents.worldbank.org/curated/en/2016/02/25870779/development-committee-closing-press-conference-jim-yong-kim-christine-lagarde-marek-belka http://hdl.handle.net/10986/24345

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Summary:	Jim Yong Kim (President of the World Bank Group), Christine Lagarde (Managing Director of the International Monetary Fund), and Marek Belka (Chairman of the Development Committee) made opening statements. Belka emphasized that the twin goals of ending extreme poverty and promoting shared prosperity must be pursued in a sustainable manner. Over the past six months, we have witnessed intensive consultations and analysis designed to put the flesh on the bones--to work out a detailed strategy by which the Bank Group will set out to translate the goals into operational programs with its borrowing member countries. Kim highlighted one major shift in the strategy—leveraging IDA to increase investment in fragile states. Lagarde focused on growth in Sub-Saharan Africa, including increased technical assistance. Replenishment of the Poverty Reduction and Growth Trust fund has passed the 90 percent threshold. Media raised questions on emerging markets, the Mexican economy, global growth, tapering, unconventional monetary policy, U.S. growth.

Development Committee Closing Press Conference

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