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Statement by H.E. Ahmed Bin Mohammed Al-Khalifa at the 90th meeting of the Development Committee held on October 11, 2014 (English)

This is a statement by H.E. Ahmed Bin Mohammed Al-Khalifa at the ninetieth meeting of the Development Committee held on October 11, 2014. He discusses about the downward trends in growth and reform, and growing number of global crises, including, geopolitical conflicts, terrorism, climate change, and rise of Ebola- will exacerbate inequality within and between countries. Greater global leadership and actions are required to mitigate these trends. Globally shared prosperity also implies a shared responsibility between the public and private sectors, advanced and emerging markets, as well as MDBs and civil society. Many of the complex problems he faces cannot be resolved without solid cooperation and collaboration with the private sector, for example. Other times, especially during global crises, the world must find global solutions and work within structured and coordinated environments and frameworks to maximize impact. Shared prosperity is a central issue and goal for our constituency, and we believe that it cannot be addressed in a piecemeal approach. At the global and transnational level, we welcome the process of formulating the post-2015 Sustainable Development Goals and commend the WBG and UN system for their partnership. Within the Bank, we are closely following the progress in the internal change process and note the steps taken by the WBG to mainstream the goal of shared prosperity in its policies and operations. He expect the newly implemented reforms to expeditiously reflect stronger synergies so client countries can reap faster and greater development gains, including in mainstreaming and tracking shared prosperity.

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Citation

Mohammed Al-Khalifa, H.E. Ahmed Bin

Statement by H.E. Ahmed Bin Mohammed Al-Khalifa at the 90th meeting of the Development Committee held on October 11, 2014 (English). Development Committee Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/838871468328813183/Statement-by-H-E-Ahmed-Bin-Mohammed-Al-Khalifa-at-the-90th-meeting-of-the-Development-Committee-held-on-October-11-2014