Tomorrow ... the annual meetings of the World Bank Group and the IMF kicks off in Washington
October 9, 2014 9:32 Last Updated: October 9, 2014 9:32
Kicks off in Washington, DC, tomorrow the annual meetings of the International Monetary Fund and the World Bank Group with the participation of finance ministers and central bank governors and representatives of private sector banks from 187 countries to discuss common issues and view the latest developments in the sectors of development.
said Executive Director and Dean of the board of directors of the World Bank, Dr. Mirza Hassan told Kuwait News Agency (KUNA) today that the agenda of the meetings, which is the broader of its kind in the world and a two-day focus on several things essential and important related development in the countries of the world.
added Dr. Hassan that the meetings this year will touch as well as to the global economy and the failures in it and linking it to see the World Bank in get rid of poverty by 2030.
explained that the bank develop an integrated strategy to achieve this dream and the concentration of all development projects in various countries to address poverty to become a world free of poverty through distributive justice.
pointed to the importance of the economy in this area precisely because the lower rate and the growth of the economy of any country means lower job any that this process is intertwined.
said that the World Bank Group and the IMF institutions concerned with the health of the global economy and its goal of growth and job creation to translate into a better economy and a dignified life for the peoples.
between the meetings would focus on the importance of the role of the private sector to participate in this development and focus on identify priorities in each country to achieve the above objectives, noting that the bank is creating a new mechanism to monitor and follow-up development projects in different countries, and return on investment there.
said he will also focus on projects that achieve a quantum leap in the development of various countries and have paybacks high for the sectors of development and infrastructure The infrastructure of the relationship of the direct creation of jobs and work to achieve justice and growth.
Dr. Hassan to a forthcoming meeting will be hosted by the Ethiopian capital (Addis Ababa) during the month of July will focus on the financing of development projects with the participation of relevant institutions world.
and accept the most prominent issues that will be raised in meetings tomorrow, including pandemic (Ebola ) and the role of the World Bank and other international organizations such as WHO and the United Nations and others in response to the virus and ways to prevent its transmission, pointing out that the World Bank put about 500 million dollars to deal with it and fight it.
said that it has been added to the Middle East as one of the agendas of this year's conference to be countries with stages difficult under consideration and watch the bank and its allies, especially the countries under transition and live wars, referring to the issue of refugees subordination of those changes and help the countries hosting them in the shelter.
stressed the necessity of attention to countries' fragile and vulnerable that bring poverty and problems "and help it with the persistence of such fragility and weakness usually ends ultimately wars and those states Iraq, Libya, Palestine, Yemen, Liberia and other countries.
Dr. Hassan to be among the important issues before the meetings of climate change in the world and specifically alternative energy or green and challenges and required in the future to reduce greenhouse gas emissions or carbon.
stressed the bank aims to contribute financing of large infrastructure projects in poor countries that can not afford those costs, such as building power dams or highways, "and the way in which we will pursue is to find a fund facilitator and employing the private sector to work with those countries in these projects."
and between the meetings will also see the highlight special reports in restructuring the bank "to be in solidarity with all its institutions and offers better solutions to solve problems as one bank and not as institutions sporadic decided to call Solutions World Bank Group One."
He reported that the meetings will see a number of reports on the outcome of the money donated and invested by the state and various institutions to enable them to learn Where did their money and investments as reports about the Assistance Fund of natural disasters and the role of women in development, "which did not take the right so far in this area."
and the role of the Kuwaiti said Dr Hassan said the State of Kuwait direct contributions and large in the work and activities of the World Bank has worked often and will continue In playing the role of mediator amid disagreements multi especially for threads interlocking, which may vary by board members.
said that Kuwait from countries benefiting from technical support by the Bank, "and we saw the visit of Finance Minister Anas Saleh and the Governor of the Central Bank, Dr. Mohamed Hashil and many of the managers of organizations and funds The Kuwaiti banks to view global issues of interest to Kuwait and participation by the poor and especially the issue of Kuwait and the role of the actor in addressing them and others. " LINK