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Development Committee Endorses Bank's Safety Nets Agenda

Donna Barne's picture

The World Bank won support from member countries for a plan to boost its work on “efficient and fiscally sound” social safety nets, said President Robert B. Zoellick at the close of the World Bank-International Monetary Fund Spring Meetings in Washington.

“At international meetings, we talk a lot about the global financial safety net. We need to focus equal attention on the human safety net,” said Zoellick at a Development Committee press briefing Saturday. “As we know, there are dangers when institutions are too big to fail. But let’s remember that beyond the talk of financial systems, of regulations, or of firewalls, it is people who are too important to fail.”

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