WORLD BANK / ANNUAL MEETINGS

World Bank Group President Robert B. Zoellick reports on the Bank's results to government representatives from 187 member countries, emphasizing the need for a different approach to development during an uneven recovery. WORLD BANK

• Categories: News & Features / News Stories / Unifeed
• Video Length: 00:02:09
• Production Date: 8 October 2010
• Asset Language: Original
• Corporate Name: WORLD BANK
• Subject Topical: ECONOMIC CONDITIONS
• MAMS Id: U101008d

Description

STORY: WORLD BANK / ANNUAL MEETINGS
TRT: 2.09
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGE: ENGLISH /NATS

DATELINE: 8 OCTOBER 2010 WASHINGTON D.C.

Shotlist

DAR CONSTITUTION HALL, WASHINGTON DC

1. Wide shot, DAR Constitution Hall
2. Med shot, seated panel
3. SOUND-UP (English) Robert Zoellick, President, World Bank:
“We are moving into an era of multiple poles of growth.”
4. Close up, slide
5. Close up, slide
6. Close up, slide
7. SOUNDBITE (English) Robert Zoellick, President, World Bank:
“IDA (International Development Association) our fund for the poorest. This helps 79 of the poorest countries, about half in Sub Saharan Africa and it is absolutely fundamental for the Millennium Development Goals. Now many of the donors are under funding pressure, many have focus on bilateral programs, but IDA is truly unique because it allows ownership by developing countries which we have all learned is key for success. It allows clients to decide in an interactive process with us and with other donors. It assists with coordination. You’ve got 30, 40 50, donors, it’s so difficult to do this is often the cornerstone funding. And critically, it cuts across sectors. When I was at the UN MDG meeting I couldn’t help feeling, yes there was good work in education, good work in health, good work in water, good work in child or maternal mortality, but people don’t fit in boxes and categories, they cut across those. So if you’re trying to deal with an intervention, you have to see how to work across the sectors. “
8. Close up, slide on IDA
9. Close up, slide on IDA
10. SOUNDBITE (English) Robert Zoellick, President, World Bank:
“I believe we can come out of crisis both stronger and wiser. I believe we need to work towards building a new networked international economy and architecture that suits it. We need a more flexible and different approach to development. You are the G-187. This is a potentially powerful concept. It is rich and poor; it is north, south, east west. So we welcome the opportunity to work with you and to build a modernized multiliteralism.”
11. Wide shot, audience
12. Med shot, Robert Zoellick leaves microphone behind

Storyline

Global alliances are necessary for economies to emerge from the global economic crisis, says Robert Zoellick, World Bank Group President.

Developed and developing economies must work together to create growth necessary for a solid recovery, Zoellick told delegates at the opening session of the World Bank and International Monetary Fund’s annual meetings in Washington.

The worldwide recession has put strain on donor countries, Zoellick said. But he urged them to avoid cutting back on giving to the neediest economies.

“IDA (International Development Association), our fund for the poorest. This helps 79 of the poorest countries, about half in Sub Saharan Africa and it is absolutely fundamental for the Millennium Development Goals. Now many of the donors are under funding pressure, many have focus on bilateral programs, but IDA is truly unique because it allows ownership by developing countries which we have all learned is key for success.
It allows clients to decide in an interactive process with us and with other donors. It assists with coordination. You’ve got 30, 40 50, donors, it’s so difficult to do this is often the cornerstone funding. And critically, it cuts across sectors. When I was at the UN MDG meeting I couldn’t help feeling, yes there was good work in education, good work in health, good work in water, good work in child or maternal mortality, but people don’t fit in boxes and categories, they cut across those. So if you’re trying to deal with an intervention, you have to see how to work across the sectors.” Zoellick said

Reporting on the World Bank’s results to government representatives from 187 member countries, Zoellick underscored the need for a new approach to development.

“I believe we can come out of crisis both stronger and wiser. I believe we need to work towards building a new networked international economy and architecture that suits it. We need a more flexible and different approach to development. You are the G-187. This is a potentially powerful concept. It is rich and poor; it is north, south, east west. So we welcome the opportunity to work with you and to build a modernized multilateralism,” he said.