World Bank President Jim Kim's speech at Brookings Institution

Reacting to remarks by new World Bank President Jim Yong Kim at the Brookings Institution in Washington today, Oxfam spokesperson Elizabeth Stuart said: 

“Jim Kim points out that the Euro crisis is threatening anti-poverty efforts in developing countries. The World Bank needs to take fast action to protect developing countries from Europe's debt crisis. The IMF is bailing out Europe; the World Bank needs to step up efforts to assist poor countries threatened by the euro zone crisis.

“The Bank must reform the way it works to affect real change in the lives of poor people. It’s time for a bold new World Bank that acts in the interests of all its members, but especially those now most at risk.”

“We’re pleased to hear Dr Kim say that economic growth has to be sustainable and inclusive.”