Published in:World Bank E-Library Archive Speeches of World Bank Presidents
Extent:
1 Online-Ressource
Language:
English
DOI:
10.1596/29636
Identifier:
Origination:
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Description:
Robert B. Zoellick, President of the World Bank, discussed Kuwait's vision of employing trade to link their economy to wider opportunities, deeper development, and greater growth. He urged the Arab leaders to support a Vulnerability Fund to assist developing countries that cannot afford bailouts and deficits. It should address three critical needs: safety net programs; infrastructure investment; and small- and medium-sized enterprises. He stressed that job creation is a long-standing challenge for the region. He believes the Arab World can play a bigger role at the global level to advance development partnerships and South-South cooperation and to fight climate change