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WORLD BANK/ JIM YONG KIM
STORY: WORLD BANK/ JIM YONG KIM
TRT: 2.49
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGE: ENGLISH/ NATS
DATELINE: 9 - 10 OCTOBER 2014, WASHINGTON DC
10 OCTOBER 2014, WASHINGTON DC
1. Wide shot, podium
2. SOUNDBITE (English) Jim Yong Kim, President, World Bank Group:
“Ebola and climate change have a few things in common. Most importantly, we are running out of time to find solutions to both. Also, until very recently, the plans to fight them were either non-existent or inadequate. And, inaction is literally killing people – one because of the rapid spread of a deadly virus, the other from the poisoning of the atmosphere and the oceans. And perhaps most critically from our point of view, resolving these problems is essential to development, whether from the perspective of human suffering, economic growth, or public health. In our work on both Ebola and climate, we have not only been in the middle of pressing global concerns, we also have been working differently, and more effectively, at least partly because of our reorganization and focus on innovation. This has made us more fit for purpose.
3. Wide shot, Kim at the rostrum
4. SOUNDBITE (English) Jim Yong Kim, President, World Bank Group:
For Ebola, the global response has been late, inadequate and slow. Recently, the international community has made positive strides in its response, led by the United States and the United Kingdom, as well as international institutions like the United Nations and the International Monetary Fund.”
5. Cutaway, audience
6. SOUNDBITE (English) Jim Yong Kim, President, World Bank Group:
“During the last year, our reorganization has been a monumental undertaking. The World Bank Group has more than 16,000 staff, and about 7,000 of them have been transferred or remapped to new jobs. We have offices in more than 100 countries. And we made loans and investments last year totaling more than $60 billion dollars. The reorganization was launched with a clear purpose: We needed to be the best in the world at collecting and sharing development knowledge for the benefit of all our clients.”
7. Cutaway, audience
8. SOUNDBITE (English) Jim Yong Kim, President, World Bank Group:
“First, I’d like to congratulate the winners of the Nobel Peace Prize, Malala Yousafzai and Kailash Satyarthi. Just one year ago, I sat with Malala on a stage at the World Bank. She is an inspiration to all of us, and gives us hope for the new generation – especially the new generation of girls.”
9. Audience applauding
10. Med shot, Jim Yong Kim talking with Christine Lagarde
11. Med shot, Jim Yong Kim talking with Christine Lagarde
9 OCTOBER 2014, WASHINGTON DC
11. Med shot, Jim Yong Kim and Ban Ki-moon shaking hands with people
12. Med shot, Jim Yong Kim speaking with people
World Bank President Jim Yong Kim told the international community that there was no time to lose in dealing with the Ebola crisis and other pressing global issues.
Speaking before the Annual Meetings plenary, a meeting of the governors of the International Monetary Fund and the World Bank Group, Kim said the international community was running out of time to find solutions to the Ebola virus and climate change.
Kim addressed recent changes at the World Bank, saying they’d been made to better serve clients.
The World Bank president also used the occasion to congratulate new Noble Peace Prize recipients Kailash Satyarthi and Malala Yousafzai, a teenage Pakistani activist who survived a Taliban slaying attempt almost exactly two years ago.
In the wake of a “late, inadequate and slow” global response to the Ebola outbreak, World Bank Group President Jim Yong Kim today called for the creation of a new pandemic emergency facility that would rapidly respond to future outbreaks by delivering money to countries in crisis.
Speaking before the Annual Meetings plenary, a meeting of the governors of the International Monetary Fund and the World Bank Group, Kim said he would like to develop the proposals for a financial instrument with the United Nations, the IMF and regional development banks.
He said even as the focus should now be intensely on doing everything possible to stop Ebola, planning must also begin for the next pandemic, which “could spread much more quickly, kill even more people and potentially devastate the global economy”.
He said the Bank Group’s financial teams have proposed several solutions, including the pandemic emergency facility. “The device would pre-package a response, establishing contingent funding agreements with donors and receipt mechanisms for possible recipients. So when a global health emergency is declared, financial support would be readily available and flow quickly to support an immediate response"
Kim said the Bank’s work on Ebola, including in the innovative use of crisis funding to disburse $105 million over nine days in emergency funding, had been informed by its focus over the past two years on climate change.
He told delegates the World Bank Group was fully engaged in fighting the global threats posed by both Ebola and climate change.
He warned time was running out to find solutions to both the threats posed by climate change and Ebola.
He said Bank Group staff from the climate group, plus experts working on urban issues and with the private sector, would meet later today with government officials and corporate CEOs to decide how to turn pledges by governments, companies and investors to put a price on carbon into action.
In his speech, Kim also cited the Bank Group’s work in creating the Global Infrastructure Facility, a global platform to bring together institutional investors, development banks, and public officials to tackle the infrastructure deficit now faced by the developing world, an estimated US$1 trillion to $1.5 trillion.
Kim praised the work of staff across the institution saying in infrastructure, Ebola and climate change, teams had worked collaboratively and displayed an inspiring commitment to innovation.
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