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Statement by Mr. Jacob J. Lew at the 94th meeting of the Development Committee held on October 8, 2016 (English)

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.

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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