Tackling Three ‘Intractable’ Challenges Facing the World

On 9 June 2015, the President of the World Bank Jim Yong Kim gave a speech at Goethe University Frankfurt. The lecture was jointly organized by the SAFE Policy Center, the Center for Financial Studies and Deutsche Bundesbank. The welcome address was held by Bundesbank President Jens Weidmann and Kim was introduced by CFS President Otmar Issing. After his lecture, the World Bank President was available for questions from the audience.

In his speech, Kim pointed out that the world faces three ‘intractable’ challenges: ending extreme poverty in just 15 years, preparing for the next pandemic that could be much more deadly than any that has been experienced in recent years, and battling climate change so that the planet can be preserved for future generations. Kim argued that for each of these problems finance is a key factor for success.

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