Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 22/01/2018 11:26 
13.10.2017 02:58 News >> World Bank Chief Urges İnvestment For Economic Recovery

World Bank Chief Urges İnvestment For Economic Recovery

Kim says bank working to maximize finance for development, especially for investments in human capital.

The head of the World Bank on Thursday stressed the need for investment to help a global economic recovery as he "touted" a project by the organization he said would will help countries invest more in their people.

"The global economy has begun to accelerate, trade is picking up, but investment remains weak," Jim Yong Kim said at the IMF-World Bank Group annual meetings in Washington DC.

"We're concerned that risks such as a rise in protectionism, policy uncertainty, or possible financial market turbulence could derail this fragile recovery," he added.

There is economic growth in advanced and developing countries, he said, "which is why countries need to make critical investments now."

He said the bank is working to maximize finance for development, and especially for investments in human capital. "All countries need to invest more in their people," he said.

Kim introduced the bank's Human Capital Project last week at Columbia University.

Little details about the initiative have been released but it is described as "an accelerated effort to encourage investment in people as a critical step to boosting inclusive economic growth and ending extreme poverty," according to the World Bank website.

"We're hoping that this project can show heads of state and financial ministers how long-term investments in their people can help grow economies and it can help create the political space for leaders to make these critical investments," he said Thursday.

A range of experts in economics, global health and education will help develop the project that has the potential to be a "game changer", Kim said. -



        Latest News
Turkey's Borsa Istanbul Starts Week Up -29 minutes ago...
BIST 100 index gains 0.43 percent at opening; USD/TRY stands around 3.81.
Turkey Arrests 9 For Pyd/Pkk Promotion On Social Media -29 minutes ago...
Arrests made in southeastern provinces of Diyarbakir, Mardin.
Turkey Continues To Shell Pyd/Pkk Targets İn Afrin -14 minutes ago...
Turkish military uses artillery on terror group's positions in Afrin on third day of Operation Olive Branch.
South Koreans Burn İmage Of North Leader İn Seoul -14 minutes ago...
Around 200 protesters make their opposition clear to visiting North Korean delegation headed by star band leader.
Diary 16 minutes ago...
Here are the main topics Anadolu Agency’s English Desk plans to cover on Monday Jan. 22, 2018.

 
      Top News
South Koreans Burn İmage Of North Leader İn Seoul South Koreans Burn İmage Of North Leader İn Seoul
US 'Concerned' About Situation İn Afrin: State Dept US 'Concerned' About Situation İn Afrin: State Dept
Operation Olive Branch To Create 30-Km-Deep Safe Zone' Operation Olive Branch To Create 30-Km-Deep Safe Zone'
Update- 5 Soldiers Martyred İn Eastern Turkey Avalanche Update- 5 Soldiers Martyred İn Eastern Turkey Avalanche
Update - Erdogan: Afrin Operation To Complete İn Very Short Time Update - Erdogan: Afrin Operation To Complete İn Very Short Time
Free Syrian Army 'Only Targets Pkk/Pyd' Terrorists Free Syrian Army 'Only Targets Pkk/Pyd' Terrorists
Update - Turkish Forces Move İnto Afrin With Free Syrian Army Update - Turkish Forces Move İnto Afrin With Free Syrian Army
Americans Flocks To Turkish Stands İn Travel Show Americans Flocks To Turkish Stands İn Travel Show
US Lawmakers Play Blame Game For Government Shutdown US Lawmakers Play Blame Game For Government Shutdown
12 Syrian Refugees Frozen To Death İn Lebanon 12 Syrian Refugees Frozen To Death İn Lebanon