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Remarks by World Bank Group President Jim Yong Kim at the 2018 Annual Meetings Plenary
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Summary
Written by AI, not yet AICS's view · claude-sonnet-5-5This is a summary of a speech by the World Bank Group President at the 2018 Annual Meetings in Indonesia. He described a three-part strategy for reducing poverty: inclusive growth, resilience to shocks, and investing in people. He spoke at length about the Human Capital Index. He closed by saying that giving every child a chance to reach their potential is the most important preparation for the future. The document is a general speech description and does not focus on children's well-being.
Key points
- The speech set out a three-pillar strategy for reducing poverty.
- The first pillar is inclusive, sustainable economic growth, including private sector investment, debt management and technology such as FinTech.
- The second pillar is building resilience to shocks, including action on climate change and sharing disaster risk with capital markets.
- The third pillar is investing more, and more effectively, in people to prepare for a more digital future.
- The speaker discussed the Human Capital Index to change the conversation around human capital.
Limitations
The document is only a short description of a speech and gives no data, evaluation or detail on child well-being programmes. It does not say how the Human Capital Index relates to specific outcomes for children.
Abstract
This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank at the 2018 IMF Annual Meetings Plenary, Indonesia. He discussed about reducing poverty by using three pillars strategy as follows: (i) first, to drive inclusive, sustainable economic growth by crowding in private sector investment, help countries manage debt levels, and harness the power of technology like FinTech; (ii) second, to build resilience to shocks and threats by taking urgent action on climate change, and help countries share the risks of disasters with the capital markets; and (iii) and finally, to help countries invest more, and more effectively in their people to prepare for what is certain to be a more digitally-demanding future. He spoke in length about Human Capital Index, to change the conversation around human capital. He concluded by saying that the most important thing we do to prepare our country for the future is to give every child, everywhere in the world, a chance to reach for the stars. (Indonesia,World)