Robert B. Zoellick, president of the World Bank Group, spoke at the Peterson Institute for International Economics October 6, 2008, on the development and implications of the global financial crisis, previewing the agenda he will present at the annual meetings of the World Bank and International Monetary Fund in Washington.
Turmoil in financial markets and fears of a global economic slowdown, coupled with high food and commodity prices, are heightening concerns about the effects on the world's poorest billion people. These developments present extraordinary challenges for the Bank, the IMF and for the world's finance ministers and central bankers. Since taking office in July 2007, Mr. Zoellick has called for emergency measures to help poor countries deal with pressing food and energy problems.
Prepared Remarks: Modernizing Multilateralism and Markets
Robert B. Zoellick