WORLD BANK / ZOELLICK

World Bank Group President Robert B. Zoellick reflected today on his legacy after five years of leadership, saying the Bank had focused on economic growth for all nations, not just stability in times of crisis. During remarks at a press conference at the start of the Bank's annual Spring Meeting, he also said that Argentina's nationalization of an oil company was a mistake. IMF

• Categories: News & Features / News Stories / Unifeed
• Video Length: 00:01:09
• Production Date: 19 April 2012
• Asset Language: Original
• Corporate Name: WORLD BANK
• Subject Topical: DEVELOPMENT FINANCE; INVESTMENT BANKING
• MAMS Id: U120419d

Description

STORY: WORLD BANK / ZOELLICK
TRT: 1.09
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 19 APRIL 2012, WASHINGTON DC

Shotlist

1. Wide shot, Zoellick walking to podium
2. Wide shot, Zoellick at podium from side of stage as cameraman snap photos
3. Cutaway, press room
4. SOUNDBITE (English) Robert B. Zoellick, President of The World Bank Group:
“We are not out of this mess yet, so if you have a more seismic event because of failures of management, that is going to hit everybody hard. It is still a fragile economy, as we and the IMF have pointed out.”
5. Cutaway, audience
6. SOUNDBITE (English) Robert B. Zoellick, President of The World Bank Group:
“Well, I think it is a mistake, and I think it is a symptom that we have to watch out for of, under economic pressure, whether countries will move to more national, autarchic policies, respond more to populism, respond more to protectionism. So I think it was the wrong thing to do.”
7. Cutaway, audience
8. SOUNDBITE (English) Robert B. Zoellick, President of The World Bank Group:
“We have also had to learn lessons from the Arab Spring. Economic growth alone is not enough. It has to be inclusive. And frankly, the more we can emphasize the things I have been talking about, about openness and social accountability, I think that is the future direction of the Bank as well as these countries.”
9. Wide shot, Zoellick and audience from side of stage

Storyline

Outgoing World Bank Group President Robert B. Zoellick reflected today on his legacy after five years of leadership.

He said the Bank focused on economic growth for all nations, not just stability in times of crisis.

Zoellick also said that the European financial crisis was not over and enumerated some of the challenges faced by Egypt and other countries affected by the Arab Spring movement.

During remarks at a press conference marking the Bank's annual Spring Meeting, he also says that Argentina's nationalization of an oil company is a 'mistake.'