********* Tomorrow ... the annual meetings of the World Bank Group and the IMF kicks off in Washington

October 9, 2014 9:32



Kicks off in Washington, DC, tomorrow the annual meetings of the International Monetary Fund and the World Bank Group with the participation of finance ministers and central bank governors and representatives from the private sector banks from 187 countries to discuss common issues and view the latest developments in the sectors of development.

The executive director and dean of the board of directors of the World Bank, Dr. Mirza Hasan told Kuwait News Agency (KUNA) today that the agenda of the meetings, which is the broader of its kind in the world and a two-day focus on several things related to the basic and important development in the countries of the world.

Dr Hassan added that the meetings will address this year as well as to the global economy and the failures in it and linking it to see the World Bank to get rid of poverty by 2030.

He explained that the bank develop an integrated strategy to achieve this dream and the concentration of all development projects in various countries to address poverty to become a world free of poverty through equitable distribution.

He pointed to the importance of the economy in this area precisely because the lower rate and the growth of a country's economy means lower any jobs that this process is intertwined.

He stated that the World Bank Group and the IMF institutions concerned with the health of the global economy and its goal of growth and job creation to translate into a better economy and a dignified life for the peoples.

And between the meetings would focus on the importance of the role of the private sector to participate in this development, and focus on identifying priorities in each country to achieve the above objectives, noting that the bank is creating a new mechanism to monitor and follow-up development projects in different countries, and return on investment there.

He said he will also focus on projects that achieve a quantum leap in the development of various countries and have high returns for development sectors, infrastructure and infrastructure related to the direct creation of jobs and work to achieve justice and growth.

Dr. Hassan to a forthcoming meeting will be hosted by the Ethiopian capital (Addis Ababa) during the month of July will focus on the financing of development projects with the participation of international institutions concerned.

And accept the most prominent issues that will be raised in meetings tomorrow, including pandemic (Ebola) and the role of the World Bank and other international organizations such as WHO and the United Nations and others in response to the virus and ways to prevent its transmission, pointing out that the World Bank put about 500 million dollars to deal with it and fight it.

He stated that he has been added to the Middle East as one of the agendas of this year's conference to be states that under the difficult stages of view and watch the bank and its allies, especially the countries under transition and live wars, referring to the issue of refugees subordination of those changes and help the countries hosting them in the shelter.

He stressed the necessity of attention to states' fragile and vulnerable that bring poverty and problems "and help it with the persistence of such fragility and weakness usually ends up wars and those states Iraq, Libya, Palestine, Yemen, Liberia and other countries.

Dr. Hassan said among the important issues before the meetings of climate change in the world and specifically alternative energy or green and challenges and required in the future to reduce greenhouse gas emissions or carbon.

He stressed the bank aims to contribute to the financing of large infrastructure projects in poor countries that can not afford those costs, such as building power dams or highways, "and the way in which we will pursue is to find a fund facilitator and employing the private sector to work with those countries in these projects."

And between the meetings will also see highlight special reports in restructuring the bank "to be in solidarity with all its institutions and offers the best solutions to solve problems as one bank and not as institutions sporadic solutions we decided to call it the World Bank Group One."

He reported that the meetings will see a number of reports on the outcome of the money donated and invested by the state and various institutions to enable them to find out where I went funds and investments as reports about the Assistance Fund of natural disasters and the role of women in development, "which did not take the right so far in this area."

As for the role of Kuwait, Dr. Hassan said that the State of Kuwait and a large direct contributions in the work and activities of the World Bank has worked often and will continue to play the role of mediator amid disagreements especially for multiple interlocking threads, which may vary by board members.

He said Kuwait from countries benefiting from technical support by the Bank, "and we saw the visit of Finance Minister Anas Saleh and the Governor of the Central Bank, Dr. Mohamed Hashil and many of the managers of organizations, funds and Kuwaiti banks to view global issues of interest to Kuwait and participation by, and especially the issue of the poor and the role of Kuwait actor in addressing them and others. "


http://www.ahewar.org/news/s.news.asp?nid=1820910

09/10/2014 05:23

World Bank: Growth retreat in the Middle East because of the war in Iraq and Syria

BAGHDAD / obelisk: increase growth in the Middle East and North Africa in the form of slightly next year, compared with his record this year and in 2013, according to the Observatory economic outlook for the region of the World Bank Group, which pointed to a rate of 4.2 percent on average.

Did not rule out the report issued by the Observatory, the possibility that "this rate up to 5.2 percent, in the event of increased domestic consumption, and eased political tensions that will lead to attracting investments in Egypt and Tunisia, and the resumption of oil production in Libya in full form."

She said World Bank Vice President for the Middle East and North Africa Inger Andersen, "The violent conflict in Syria, Iraq and Gaza, and Yemen and Libya and its effects on Lebanon and Jordan, has cast a pall over the prospects for economic growth for the region." But did not ignore what is owned by the region of the "huge potential is in its youth learner and its strategic location and its natural resources, and makes it imperative for the international community to join hands to support the recovery as it did in 1944, when Europe was mired in conflicts."

The report stated that "growth will fall in these countries because of conflicts in the region, including the civil war in Syria, and control (organization of the Islamic State) over large areas of Syria and Iraq, and the devastating war last in Gaza, and the continuing insurgencies in Yemen."

As for countries to transition, the report surmised that "the rate of growth recovering to 3.1 percent in Egypt, and 2.7 percent in Tunisia, and 4.6 percent in Morocco." But monitoring "bump stands in the way of attracting local and foreign investments needed to achieve sustainable growth, and is the disruption of the macroeconomic and reform agenda is completed and that the reform of the subsidy system."

The growth rates will remain in Algeria and Iran "in a range between 2 and 3 percent, and an average of 5 percent in high-income countries (all exporters of oil and gas in the Gulf region)." But could "limit the range of structural problems and potential vulnerabilities in the global oil market, its ability to record high growth rates in the future."


http://almasalah.com/ar/news/39445/البنك-الدولي-النمو-يتراجع-في-الشرق