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Jim Yong Kim, President of the World Bank Group, discusses the issues to end extreme poverty in the World, promoting shared prosperity, and taking bold action on climate change. He speaks about accelerating the high growth rate in the
developing world, and to translate this into poverty
reduction and job creation. It must be inclusive to curb
inequality. He insists that we must avert or mitigate
potential shocks such as climate disasters or new crises in food,
fuel, and finances. Climate
change is not just an environmental challenge, but also
a fundamental threat to economic development.
He also believes that the combined efforts of the United
Nations and the World Bank Group on the political and
security fronts can make a major difference in moving
fragile states out of fragility. He fields questions about a BRICS development bank, Chinese growth and inequality, the World Bank Group’s financial commitments on climate change, Peruvian poverty, loan conditionality, monetary policies of emerging countries, China’s urbanization, Caribbean economies, the Arab Spring countries, and Mexican economic reform.
