This is a statement by Mr. Jacob J. Lew, Secretary of the Treasury, United States at the ninety-fourth meeting of the Development Committee held on October 8, 2016.He states that the United States would like to congratulate Jim Yong Kim on his reappointment as president of the World Bank. Under his leadership, the World Bank has moved decisively to address the most pressing development challenges—from ending extreme poverty and reducing inequality, to combating climate change, and better preparing for and responding to crises such as the Ebola pandemic and the Syrian refugee crisis. The United States reaffirms our commitment to working with President Kim, World Bank management and staff, and other shareholders in reinforcing the World Bank’s role as the leading, global, multilateral development bank.We have a consequential agenda ahead of us over the next year as we conclude negotiations for the eighteenth replenishment of the International Development Association (IDA-18) and review the capital position of the World Bank Group. We welcome the main messages from the Report to Governors on the Forward Look: A Vision for the World Bank Group in 2030, which will inform our discussions. We are confident that President Kim will continue to proactively evolve the World Bank’s role and business model in light of changing global needs, while consolidating organizational reforms and upholding standards for risk management, governance, and diversity.
Details
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Document Date
2016/10/08
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Document Type
Board Report
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Report Number
108983
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2016/10/11
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Disclosure Status
Disclosed
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Board Meeting Date
2016-10-08T00:00:00Z
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Doc Name
Statement by Mr. Jacob J. Lew at the 94th meeting of the Development Committee held on October 8, 2016
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Keywords
Fragile & Conflict-Affected States;global public good;domestic resource mobilization;Private Sector Growth;sustainable lending level;combat climate change;climate resilient development;Private Sector Window;multilateral development bank;fee for service;basic social service;climate action plan;private sector resource;mutually beneficial partnership;Public Financial Management;Host Communities;business model;capital position;refugee crisis;extreme poverty;financial sustainability;sustainable financing;safe transport;price differentiation;social return;forced displacement;inclusive society;educational diversity;private resources;Social Protection;national climate;traditional development;income ladder;difficult environment;Gender Gap;gender strategy;treasury department;poverty alleviation;public affair;reducing inequality;skill development;citizen engagement;organizational reform;donor resource;social outcome;Gender Equality;external shock;
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Citation
Statement by Mr. Jacob J. Lew at the 94th meeting of the Development Committee held on October 8, 2016 (English). Development Committee Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/243081476210437219/Statement-by-Mr-Jacob-J-Lew-at-the-94th-meeting-of-the-Development-Committee-held-on-October-8-2016