This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. On a visit to South Korea, World Bank Group President Jim Yong Kim called the country "an exceptional example of an aid recipient turned donor" and urged business leaders to invest in Africa to help millions of Africans emerge from poverty, while also finding strong economic returns in new markets.It used to be that if you wanted to do something around development, the focus was on official development assistance, foreign aid. Korea is one of the countries that benefited tremendously from foreign assistance. The World Bank made many investments in the Republic of Korea and to a great extent some of the greatest successes were related to the relationship between the Republic Of Korea and the World Bank Group. He saying that, countries to have the same experience that Korea has had going from one of the poorest countries in the world to now being the 14th largest economy in the world the private sector will have to play a critically important role.
Detalhes
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Autor
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Data do documento
2013/12/03
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TIpo de documento
Discurso do Presidente
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No. do relatório
101910
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Nº do volume
1
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Total Volume(s)
1
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País
Coréia, República da
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Região
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Data de divulgação
2016/02/03
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Disclosure Status
Disclosed
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Nome do documento
Speech by World Bank Group President Jim Yong Kim on World Bank Group and Korea : A dynamic partnership in new frontiers – Africa, Seoul, Korea, Republic of
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Palavras-chave
multilateral investment guarantee agency;short period of time;high literacy rate;private sector group;ministries of finance;direct equity investment;political risk insurance;relationships with governments;high school graduate;cost of electricity;number of patents;foreign assistance;business environment;global economy;kilowatt hour;mini grid;fiscal space;public expenditure;moral responsibility;real sense;mineral wealth;literacy level;young people;Private Equity;micro grid;business community;democracy dividend;open society;
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