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People and development : address to the Board of Governors, Washington, DC, October 1, 1996 (English)

The President of the World Bank Group delivered his annual address to the Board of Governors, outlining the Bank Group's progress in meeting the six priorities of ensuring sufficient funding for the International Development Association (IDA); addressing debt relief in the poorest countries; building and expanding partnerships with multilateral financial and public institutions as well as nongovernmental organizations; accelerating private sector development; financing post-conflict assistance and reconstruction; and creating a Bank culture embodying excellence, accountability, and results. President Wolfensohn devoted the second half of his address to expanding upon the four cornerstones of his strategic agenda first enunciated a year ago -namely, forging a new compact with donors, investors, and recipients alike to ensure sufficient resources and efficiency to target poverty reduction among the world's poorest; formulating a new paradigm that evinces a broader, more integrated approach to development, one that emphasizes social, cultural, and institutional issues; harnessing the technology to link people together and leveraging the impact of technology on development by helping clients to build the capacity to use it; and restructuring a Bank that is more responsive to client needs, results-oriented, and reinvigorated by pursuing excellence.

Details

  • Author

    Wolfensohn,James D.

  • Document Date

    1996/10/01

  • Document Type

    Publication

  • Report Number

    16138

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2000/02/23

  • Disclosure Status

    Disclosed

  • Doc Name

    People and development : address to the Board of Governors, Washington, DC, October 1, 1996

  • Keywords

    Board of Governors;social and economic development;global knowledge partnership;fight against poverty;relationships with governments;world wide web;cancer of corruption;Early Childhood Development;female enrollment rate;volume of investment;impact of technology;foreign direct investment;private sector partner;standards of probity;world trade organization;history and culture;strategic agenda;judicial system;public expenditure;country portfolio;Macroeconomic Policy;civil society;private flow;non-governmental organization;guarantee program;social justice;Business Climate;financial system;debt relief;fundamental right;capital goes;governmental groups;industrial country;saving rate;liberal trade;good governance;national border;entire membership;economic reform;cost structure;investment climate;social institution;capital increase;prudential regulation;information service;knowledge source;innovative program;scarce resource;cultural continuity;government action;good policy;environmental degradation;social cohesion;high concentration;debt problem;official flow;Borrowing Countries;Advisory services;down payment;exchange program;cross-country experience;management capacity;professional expertise;gender issue;global partnership;local ngo;multilateral bank;burden sharing;community group;open market;social fabric;private inflow;global common;common humanity;human condition;Basic Education;conflict situation;social impact;human capital;collected taxes;Financial Sector;institutional factor;humanitarian relief;banking crisis;culturally sensitive;enhanced accountability;aral sea;political affair;voluntary standard;international efforts;financial efficiency;coal miner;expenditure program;foreign investor;girls' education;equitable development;environmental sustainability;

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Citation

Wolfensohn,James D.

People and development : address to the Board of Governors, Washington, DC, October 1, 1996 (English). Presidential speech Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/243871468141893629/People-and-development-address-to-the-Board-of-Governors-Washington-DC-October-1-1996