Rethinking Development Finance

Jim Yong Kim, President of the World Bank Group, spoke about the forces in the world that are making us fundamentally rethink the approach to development at the World Bank Group. He described three paths. The first path is to accelerate inclusive and sustainable economic growth, by layi...

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Main Author: Kim, Jim Yong
Format: Speech
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
Online Access:http://documents.worldbank.org/curated/en/624241536573617950/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-Rethinking-Development-Finance
http://hdl.handle.net/10986/31099
id okr-10986-31099
recordtype oai_dc
spelling okr-10986-310992021-05-25T09:17:49Z Rethinking Development Finance Kim, Jim Yong CONFLICT AND VIOLENCE ACCESS TO FINANCE EDUCATION QUALITY GENDER GAP EARLY CHILDHOOD DEVELOPMENT SOCIAL SAFETY NETS CONFLICT AND FRAGILITY EXTREME POVERTY GLOBALIZATION INTERNATIONAL DEVELOPMENT FINANCE PRIVATE INVESTMENT DONOR FINANCING Jim Yong Kim, President of the World Bank Group, spoke about the forces in the world that are making us fundamentally rethink the approach to development at the World Bank Group. He described three paths. The first path is to accelerate inclusive and sustainable economic growth, by laying the foundations for more effective public services, by improving governance and tackling corruption, by accelerating infrastructure investment, by lowering real and perceived risks for private investment, by making trade work for everyone, and by creating markets to bring the benefits of private sector rigor and innovation to developing countries. The second path is to invest more, and more effectively in people; the premium on human capital will get higher and higher every year. The demands for digital competency are accelerating. Investing in human development must start early – by ensuring that pregnant women have access to prenatal healthcare, including the right nutrition; by preventing malnutrition in children, so they can develop properly; by ensuring access to quality health care for all; by providing education that prepares students for the jobs of the future; and by building social safety nets that meaningfully protect the poor. The third path is to foster resilience to global shocks and threats. We’re living in a time of multiple overlapping crises: pandemics, climate change, refugees, famine. It is critically important to help countries prepare for these crises. 2019-01-03T22:53:33Z 2019-01-03T22:53:33Z 2017-04-11 Speech http://documents.worldbank.org/curated/en/624241536573617950/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-Rethinking-Development-Finance http://hdl.handle.net/10986/31099 English Speech at London School of Economics, April 11, 2017; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Speech
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic CONFLICT AND VIOLENCE
ACCESS TO FINANCE
EDUCATION QUALITY
GENDER GAP
EARLY CHILDHOOD DEVELOPMENT
SOCIAL SAFETY NETS
CONFLICT AND FRAGILITY
EXTREME POVERTY
GLOBALIZATION
INTERNATIONAL DEVELOPMENT FINANCE
PRIVATE INVESTMENT
DONOR FINANCING
spellingShingle CONFLICT AND VIOLENCE
ACCESS TO FINANCE
EDUCATION QUALITY
GENDER GAP
EARLY CHILDHOOD DEVELOPMENT
SOCIAL SAFETY NETS
CONFLICT AND FRAGILITY
EXTREME POVERTY
GLOBALIZATION
INTERNATIONAL DEVELOPMENT FINANCE
PRIVATE INVESTMENT
DONOR FINANCING
Kim, Jim Yong
Rethinking Development Finance
relation Speech at London School of Economics, April 11, 2017;
description Jim Yong Kim, President of the World Bank Group, spoke about the forces in the world that are making us fundamentally rethink the approach to development at the World Bank Group. He described three paths. The first path is to accelerate inclusive and sustainable economic growth, by laying the foundations for more effective public services, by improving governance and tackling corruption, by accelerating infrastructure investment, by lowering real and perceived risks for private investment, by making trade work for everyone, and by creating markets to bring the benefits of private sector rigor and innovation to developing countries. The second path is to invest more, and more effectively in people; the premium on human capital will get higher and higher every year. The demands for digital competency are accelerating. Investing in human development must start early – by ensuring that pregnant women have access to prenatal healthcare, including the right nutrition; by preventing malnutrition in children, so they can develop properly; by ensuring access to quality health care for all; by providing education that prepares students for the jobs of the future; and by building social safety nets that meaningfully protect the poor. The third path is to foster resilience to global shocks and threats. We’re living in a time of multiple overlapping crises: pandemics, climate change, refugees, famine. It is critically important to help countries prepare for these crises.
format Speech
author Kim, Jim Yong
author_facet Kim, Jim Yong
author_sort Kim, Jim Yong
title Rethinking Development Finance
title_short Rethinking Development Finance
title_full Rethinking Development Finance
title_fullStr Rethinking Development Finance
title_full_unstemmed Rethinking Development Finance
title_sort rethinking development finance
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/624241536573617950/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-Rethinking-Development-Finance
http://hdl.handle.net/10986/31099
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