WORLD BANK / LENDING POVERTY
Download
There is no media available to download.
Share
STORY: WORLD BANK / INCREASE LENDING CAPACITY
TRT: 1.48
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGE: ENGLISH /NATS
DATELINE: 1 APRIL 2014, WASHINGTON DC, USA - FILE
1. Tracking shot, Jim Yong Kim walking to the stage
2. Wide shot, Jim Yong Kim walking to seat
3. Close up, audience listening to speech
4. SOUNDBITE: Jim Yong Kim, President, The World Bank Group:
“I’m pleased to announce today that with the support of our Board, we now have the capacity to nearly double our annual lending to middle-income countries from $15 billion to as much as $28 billion dollars a year. This means that the World Bank’s lending capacity – or the amount of loans we carry on our balance sheet -- will increase by $100 billion dollars in the next decade, to roughly $300 billion dollars. This is in addition to the largest replenishment in the history of IDA, our fund for the poorest countries, with nearly 52 billion dollars in grants and concessional loans that we received just in December.”
5. Pan of Kim and audience
6. SOUNDBITE: Jim Yong Kim, President, The World Bank Group:
“In the past 20 years, the world was able to lift roughly 35 million people out of poverty every year. But if we are going to reach our goal of ending extreme poverty by 2030, we need to help 50 million people raise themselves out of poverty every year.”
7. Wide shot, audience listening to speech
8. SOUNDBITE: Jim Yong Kim, President, The World Bank Group:
“An estimated two and a half billion people lack access to financial services. And all of us – all 7 billion of us – face an impending disaster from climate change if we do not act today with a plan equal to the challenge.”
FILE - BANGLADESH 2013
7. Wide shot, people on street
FILE - NICARAGUA 2011
8. Wide shot, people walking along markets
FILE - BANGLADESH 2013
9. Wide shot, farmers in front of solar panels
FILE - LIBERIA 2011
10. Wide shot, people walking along streets
World Bank Group President Jim Yong Kim announced a series of measures aimed at strengthening the World Bank Group -- including a $100 billion increase in the lending capacity to middle-income countries over the next decade.
This follows the record $52 billion replenishment of the International Development Association - the World Bank’s fund for the poorest, in December 2013.
Speaking at the Council on Foreign Relations (CFR) in Washington DC in advance of the World Bank/IMF Spring Meetings, Kim said that if the Bank is achieve its goals of ending extreme poverty by 2030 it needs to raise roughly 50 million people from poverty every year.
He also pointed out that some 2.5 billion people do not have access to financial services. Also, the entire humanity is facing an impending disaster” due to climate change, unless the world act immediately with a proper plan.