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STORY: WASHINGTON DC / ZOELLICK
TRT: 1:18
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS
DATELINE: 22 APRIL 2010, WASHINGTON DC
1. Wide shot, World Bank building
2. Various shots, Robert Zoellick at press conference
3. SOUNDBITE (English) Robert Zoellick, President, World Bank:
“African countries may have lost some $65 million as a result of the complete shutdown of EU airspace for five days. We hope the impact for people in Africa will be minimized if the airlines can soon operate normally, safety permitting.”
4. Cutaway, reporters
5. SOUNDBITE (English) Robert Zoellick, President, World Bank:
“But a sixth of the world’s people go hungry every day. The food crisis remains very real, posing a severe economic burden on developing countries, especially in Sub-Saharan Africa. The world was unprepared for the last food crisis. This fund will make it better prepared for the next.”
6. Cutaway, reporters
7. SOUNDBITE (English) Robert Zoellick, President, World Bank:
“Shareholders must decide on whether to support the first capital increase at the World Bank in more than 20 years. This is a once in a generation request to address the impact of a once in a generation crisis.”
8. Wide shot, press conference
World Bank’s President Robert Zoellick said that the Bank must change with the fast-evolving world economy at a press conference in Washington D.C. today (22 April).
He talked about the impact of air travel disruptions caused by volcanic ash on poor countries in Africa.
SOUNDBITE (English) Robert Zoellick, President, World Bank:
“African countries may have lost some $65 million as a result of the complete shutdown of EU airspace for five days. We hope the impact for people in Africa will be minimized if the airlines can soon operate normally, safety permitting.”
Unexpected crises make institutions like the World Bank even more necessary, Zoellick said. Longer-term crises, like the rise in prices for food and fuel, also require a nimble response, he added. The World Bank, as a trustee, has joined other partners in setting up a 900 million US dollar food fund.
SOUNDBITE (English) Robert Zoellick, President, World Bank:
“But a sixth of the world’s people go hungry every day. The food crisis remains very real, posing a severe economic burden on developing countries, especially in Sub-Saharan Africa. The world was unprepared for the last food crisis. This fund will make it better prepared for the next.”
In order to continue to help the world’s poor, Zoellick is asking the World Bank’s shareholders for a five billion US dollar capital increase.
SOUNDBITE (English) Robert Zoellick, President, World Bank:
“Shareholders must decide on whether to support the first capital increase at the World Bank in more than 20 years. This is a once in a generation request to address the impact of a once in a generation crisis.”
What’s new, he says, is that about half that money will come from developing countries, who are taking on a greater role at the World Bank.
