The World Bank in “reform“

This finance blog has developing several journalistic articles as regards the meeting that there supported authorities of the World Bank and of the International Monetary Fund in the city of Istanbul, Turkey. To close this topic, it is important to refer to the project of reform that is implemented in the BM and that was announced by the proper president of the entity, Robert B. Zoellick.

In the frame of the speech that the leader of the World Bank realized, and in which he spoke about several topics, like for example the global crisis, it referred to a point that cannot happen unnoticed. We are speaking about the reform that the BM is impelling.

Zoellick affirmed, by means of his oratory, that the Group of the BM will think about how to consolidate his legitimacy, efficiency, efficacy and responsibility as this way also to extend the cooperation with different international organisms how, for example, the UNO and the IMF, reported the web site of the World Bank.

According to the leader, it will have to give emphasis to these points: 1) to Increase the efficacy for the development centring the attention on the program of results, the decentralization, the questions of genre, the reform of the financing for ends of investment and the human resources; 2) to Promote the responsibility and the good government included the efforts of struggle against the corruption on a global scale; 3) to Keep on increasing the price-performance, he published the web.

Zoellick added that it is necessary to go further away. He said to know of the importance of promoting several reforms and added that it is already a moment to know and to advance, informed the web.

It is important to add that this important meeting, which told with the presence of authorities of the Group of Bamco Mundial and to the IMF, realized from Tuesday, the 6th until Wednesday, the 7th of October. The debate about the world financial and economic crisis was the central topic in the agenda of this meeting, it spread the web of the BM, but also one spoke about achievements of the BM and of the IMF and one looked for solutions to help to the countries most harmed by the decrease of the capital flows, the commerce, the remittances and the tourism.

The finished speech of the president of the World Bank, Robert B. Zoellick, it can be consulted across the web site of the international financial organism.

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1. The IMF and the global crisis
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3. BM and IMF debate on the global crisis in Turkey