Arab –Islamic Committee seeks effective global sanctions on Israel    Saudi foreign minister calls for enduring Palestinian rights as only path to peace    Tornado kills at least 5, injures 33, in Chinese metropolis as region battles deadly floods    Iraqi TikTok star Umm Fahad shot dead in Baghdad    SFDA: Breast-milk substitute products are sugar-free complying with Saudi specifications    HONOR opens two HONOR exclusive service centers in Saudi Arabia to bring better customer experience    Saudi Arabia to host World Investment Conference amidst economic expansion    Saudi minister announces 10% increase in tourist numbers in Q1 2024    Traditional dress is mandatory for Saudi civil servants    Minister Al Ibrahim calls for enhanced global cooperation at WEF meeting in Riyadh    Saudi Finance Minister stresses importance of Vision 2030 at WEF Special Meeting in Riyadh    Saudi Arabia, EU strengthen energy collaboration with upcoming MoU    NEOM secures SR10 billion revolving credit facility to support development initiatives    Al Shabab overpowers Al Ittihad with a 3-1 victory in Jeddah    Saudi Olympic team exits U-23 Cup in quarterfinals, loses Paris 2024 Olympics dream    Al Hilal triumphs over Al Fateh in a fierce 3-1 clash at Kingdom Arena    'Zarqa Al Yamama': Riyadh premieres first Saudi opera    Riyadh Season announces first overseas event with boxing gala in Los Angeles    Australian police launch manhunt for Home and Away star Orpheus Pledger    Spice Girls reunite at Posh's 50th birthday    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



My call for an open, inclusive World Bank
Published in The Saudi Gazette on 15 - 04 - 2012

WE live in a time of historic opportunity. Today more people live in fast-growing economies than at any time in history, and development can take root anywhere - regardless of whether a country is landlocked, just emerging from conflict or oppression, large or small. If we build on this, we can imagine a world in which billions of people in developing countries enjoy increases in their incomes and living standards. Given our collective experiences, successes and resources, it's clear that we can eradicate global poverty and achieve in our lifetimes what for generations has been a distant dream.
My own life and work have led me to believe that inclusive development - investing in human beings - is an economic and moral imperative. I was born in South Korea when it was still recovering from war, with unpaved roads and low levels of literacy. I have seen how integration with the global economy can transform a poor country into one of the most dynamic and prosperous economies in the world. I have seen how investment in infrastructure, schools and health clinics can change lives. And I recognize that economic growth is vital to generate resources for investment in health, education and public goods.
Every country must follow its own path to growth, but our collective mission must be to ensure that a new generation of low and middle-income countries enjoys sustainable economic growth that generates opportunities for all citizens. As co-founder of Partners in Health and director of the World Health Organization's initiative to treat HIV/Aids, I will bring practical experience to the World Bank. I have confronted the forces that keep more than 1bn people trapped in poverty. I have worked in villages where fewer than 1 in 10 adults could read or write, where preventable diseases cut lives short and where lack of infrastructure and capital held back entrepreneurs. In all those villages, the local people knew where improvement was needed.
But for change to happen, we need partnerships between governments, the private sector and civil society to build systems that can deliver sustainable, scalable solutions. And as we work for global prosperity, we must draw on ideas and experience from around the globe. My message is simple: an era of extraordinary opportunity requires an extraordinary global institution. I want to hear from developing countries, as well as those that provide a big share of the resources to development, about how we can together build a more inclusive, responsive and open World Bank.
A more inclusive World Bank will have the resources to advance its core mission of poverty reduction. It will have a governance structure that provides legitimacy and fosters trust and confidence. The Bank has recently achieved a historic capital increase and begun an ambitious program me to modernize its operations. It has also taken important steps to increase the voting power and participation of developing countries. If I am entrusted with the responsibility of leading the World Bank, I shall ensure this continues. If the World Bank is to promote inclusive development, it must give developing nations a greater voice.
A more responsive World Bank must meet the challenges of the moment but also foresee those of the future. The World Bank serves all countries. My focus will be to ensure that it provides a rapid, effective response to their needs. I will come with an open mind and apply my medical and social-science training to take an evidence-based approach. Finally, a more open World Bank must recognize it does not have all the answers and listen closely to its clients and stakeholders. I have led a world-renowned higher education institution and I will ensure that the World Bank provides a platform for the exchange of ideas. It is already working more closely with a diverse array of partners and it can build on these changes. The Bank has taken significant steps to become more transparent and accountable: it must continue on this path of openness.
Opportunity is nothing without action. In the coming weeks, I look forward to hearing the views of the World Bank's constituents - clients, donors, governments, citizens and civil society - as we forge a common vision to build an even stronger institution, prepared to meet the world's needs in the 21st century.
Dr. Kim was nominated by President Obama to become the next President of the World Bank on March 23, 2012. __


Clic here to read the story from its source.