Remarks at the Belt and Road Forum for International Cooperation
Jim Yong Kim, President of the World Bank Group, is inspired by Belt and Road Initiative, which will improve trade, infrastructure, investment, and people-to-people connectivity – not just across borders, but on a trans-continental scale. It has the potential to lower trade costs, incre...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/297811536584334962/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-at-the-Fragility-Forum-2018 http://hdl.handle.net/10986/31111 |
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okr-10986-311112021-05-25T09:17:52Z Remarks at the Belt and Road Forum for International Cooperation Kim, Jim Yong CONNECTIVITY INFRASTRUCTURE INVESTMENT COMPETITIVENESS TRANSPORT COSTS TRADE NON-TARIFF BARRIERS SUPPLY CHAIN REGULATORY REFORM MARKET ACCESS ROADS PORTS RAILWAY SILK ROAD Jim Yong Kim, President of the World Bank Group, is inspired by Belt and Road Initiative, which will improve trade, infrastructure, investment, and people-to-people connectivity – not just across borders, but on a trans-continental scale. It has the potential to lower trade costs, increase competitiveness, improve infrastructure, and provide greater connectivity for Asia and its neighboring regions. To ensure the Belt and Road Initiative’s success, we need to remember these things: First, because of the Initiative’s sheer size, the estimated investment needs will be large. Second, individual countries are at different stages of development, with varying capabilities, constraints, and risk profiles. They will need support mechanisms to define and meet consistent, satisfactory standards. Third, the benefits of the Belt and Road Initiative are broader than one project or one country. Projects will require innovative financing mechanisms – a mix of public and concessional finance and commercial capital. Finally, our decades of experience with large infrastructure projects suggest that project preparation and appropriate risk allocation will be critical for success. 2019-01-07T19:48:30Z 2019-01-07T19:48:30Z 2017-05-14 Speech http://documents.worldbank.org/curated/en/297811536584334962/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-at-the-Fragility-Forum-2018 http://hdl.handle.net/10986/31111 English Delivered in Beijing, May 14, 2017; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Speech East Asia and Pacific South Asia Afghanistan China Kazakhstan Pakistan Uzbekistan |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CONNECTIVITY INFRASTRUCTURE INVESTMENT COMPETITIVENESS TRANSPORT COSTS TRADE NON-TARIFF BARRIERS SUPPLY CHAIN REGULATORY REFORM MARKET ACCESS ROADS PORTS RAILWAY SILK ROAD |
| spellingShingle |
CONNECTIVITY INFRASTRUCTURE INVESTMENT COMPETITIVENESS TRANSPORT COSTS TRADE NON-TARIFF BARRIERS SUPPLY CHAIN REGULATORY REFORM MARKET ACCESS ROADS PORTS RAILWAY SILK ROAD Kim, Jim Yong Remarks at the Belt and Road Forum for International Cooperation |
| geographic_facet |
East Asia and Pacific South Asia Afghanistan China Kazakhstan Pakistan Uzbekistan |
| relation |
Delivered in Beijing, May 14, 2017; |
| description |
Jim Yong Kim, President of the World Bank Group, is inspired by Belt and Road Initiative, which will
improve trade, infrastructure, investment, and people-to-people connectivity – not just across borders, but on a trans-continental scale. It has the potential to lower trade costs, increase
competitiveness, improve infrastructure, and provide greater
connectivity for Asia and its neighboring regions. To ensure the Belt and Road
Initiative’s success, we need to remember these things: First,
because of the Initiative’s sheer size, the estimated
investment needs will be large. Second, individual countries
are at different stages of development, with varying
capabilities, constraints, and risk profiles. They will need
support mechanisms to define and meet consistent,
satisfactory standards. Third, the benefits of the Belt and
Road Initiative are broader than one project or one country.
Projects will require innovative financing mechanisms – a
mix of public and concessional finance and commercial
capital. Finally, our decades of experience with large
infrastructure projects suggest that project preparation and
appropriate risk allocation will be critical for success. |
| format |
Speech |
| author |
Kim, Jim Yong |
| author_facet |
Kim, Jim Yong |
| author_sort |
Kim, Jim Yong |
| title |
Remarks at the Belt and Road Forum for International Cooperation |
| title_short |
Remarks at the Belt and Road Forum for International Cooperation |
| title_full |
Remarks at the Belt and Road Forum for International Cooperation |
| title_fullStr |
Remarks at the Belt and Road Forum for International Cooperation |
| title_full_unstemmed |
Remarks at the Belt and Road Forum for International Cooperation |
| title_sort |
remarks at the belt and road forum for international cooperation |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/297811536584334962/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-at-the-Fragility-Forum-2018 http://hdl.handle.net/10986/31111 |
| _version_ |
1764471909827739648 |