Jim Yong Kim : Doesn't everyone deserves a chance at a good life?

                           

TED 2017

Jim Yong Kim : Doesn't everyone deserves a chance at a good life? (transcript)

Summary

The speaker is the President of the World Bank Group.

The World Bank is an international financial institution that provides loans to countries of the world for capital programs.

The World Bank comprises two institutions: IBRD and IDA.

The World Bank Group comprises five institutions that are IFC, MIGA, ICSID and include two of the World bank.

He thinks that the World Bank Group has to work to end extreme poverty and boost shared prosperity. However, it is not easy. There are many problems that are too expensive and complicated to solve, and there are differences between the opinion of the bank and people who live there.

The Bank side thoughts that the cost-effective thing is just to focus on vaccination and maybe a feeding program.

However, the local people wanted a hospital, school, and the opportunities to provide their children.

So this was fundamentally wrong among them firstly. The World Bank has focused so much on just economic growth, the government of each country wants to shrink their budgets and they want to reduce expenditures in health, education and social welfare. It can't be the better world. Then the World Bank Group only works to end extreme poverty is not the current way that the world progresses from now. In developing countries, the important things are being jobs and employment.

The World Bank Group newly addresses it, collects money and your ideas. This is the problem that is not only the World Bank Group and developing countries but also all people to live better lives.  Everyone deserves a chance at a good life.  

The following is five international organizations:

International Bank for Reconstruction and Development (IBRD),

International Development Association (IDA),

International Finance Corporation (IFC),
Multilateral Investment Guarantee Agency (MIGA), and

International Centre for Settlement of Investment Disputes (ICSID).

Words in this story

upheaval / a violent or sudden change or disruption to something.

preferential / of or involving preference or partiality, constituting a favor or privilege. priority. special, better, privileged, superior

effective / successful in producing a desired or intended result.  successful, capable,

efficient / (especially of a system or machine) achieving maximum productivity with minimum wasted effort or expense.

expenditure / expense, expenditure, cost, charge, the action of spending funds.