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Zoellick: End of the Third World?

Julia Ross's picture

April 14, 2010 - Washington DC - World Bank Group President Robert B. Zoellick speaks at Woodrow Wilson International Center for Scholars in Washington DC

Setting the scene for next week’s Spring Meetings, World Bank President Robert Zoellick said today the world has changed since the financial crisis, the third world is gone and we now live in a multipolar economy.

At Washington, D.C.’s Woodrow Wilson Center for International Scholars, Zoellick told an audience of diplomats, economists and international development specialists, “We are now in a new, fast-evolving, multipolar world economy, in which some developing countries are emerging as economic powers; others are moving towards becoming additional poles of growth, and some are struggling to attain their potential within this new system.”

“It is time we put old concepts of First and Third Worlds, leader and led, donor and supplicant behind us,” he said.

The speech drew several questions on the Bank’s response to the financial crisis and how it is helping developing countries adapt to the new global economy Zoellick described.

Ngozi Okonjo-Iweala recaps the 2009 Annual Meetings

Sameer Vasta's picture

I'm back from Istanbul today, looking back at some of the important events and messages that came out of the 2009 Annual Meetings. Before we all left Istanbul, however, Alison caught up with World Bank Managing Director Ngozi Okonjo-Iweala, and asked her to provide a short recap of the Meetings.

 

Global business leaders announce initiatives for women

Sameer Vasta's picture

Student at Shreeshitalacom Lower Secondary School. Kaski, Nepal. Photo: © Simone D. McCourtie / World Bank

This past Sunday, at an event co-hosted by the Hüsnü M. Özyegin Foundation, global business leaders came together to discuss the impacts of the ongoing economic crisis on women. The event culminated in the announcement of several new partnerships to support women around the world.

Highlights of the new partnerships and initiatives announced at the event include:

  • The Özyegin Foundation and Goldman Sachs will expand the Goldman Sachs 10,000 Women program to Turkey.
  • Boeing announced Forum member efforts to track and spend $2 billion over the next three years on goods and services from women-owned businesses in supply chains.
  • Belcorp announced a partnership with the World Bank to train 50,000 women in financial literacy in Latin America.
  • McKinsey presented their new research, “The Business of Empowering Women,” which maps out potential business sector contributions across women’s life cycles.

 

The new normal

James Bond's picture

Representatives of chambers of commerce and private sector promotion agencies from developing countries expressed their concerns about where the new sources of growth would come from in future years, at a meeting of the World Bank Group's Private Sector Liaison Officers held in Istanbul on October 5.

A lively discussion between the PSLOs and MIGA management covered subjects relating to foreign direct investment into emerging economies, as well as investments by emerging economies into other emerging economies ("South-South" investment). 

There is a real concern about how the infrastructure gap in developing countries will be filled following the crisis, given the new scarcity of private funds for public-private partnerships. 

Annual Report 2009 distributed at the Annual Meetings

Can Kevenk's picture

2009 Annual ReportWe started distribution of the World Bank Annual Report 2009 this morning at the Annual Meetings in Istanbul. The free publication, outlining the Bank's activities in fiscal year 2008, is available for journalists, government officials, civil society organizations, academic and public libraries — and anyone else interested in learning more about the Bank and what it does.

The report summarizes the Bank Group’s commitments and approved projects during the recently completed fiscal year, and also includes a CD with complete financial information and a slideshow summarizing the regional, sectoral, and thematical categorization of funding.

I had a chance to work with the team that was preparing the Annual Report this year. Our goal was to put together a colorful and easy-to-read summary of the Bank’s development activities for everyone who is interested. Photos from the project sites and personal stories about recent Bank Group projects from all around the world are featured in this year’s report. All six of the Bank’s regions are presented with a regional snapshot as well as the summaries of funding operations taking place.

This year, the Annual Report 2009 website has been enhanced in terms of design, online content, and interactivity. The site includes interesting videos about recent projects taking place in the field. The PDF version of the Annual Report is downloadable in 8 different languages from the website. You can also view the whole ‘Year in Review’ with our interactive widget.

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