World Bank President Issues Statement Ahead Of G20 Meeting In India
. These world leaders are certainly starting to talk the talk. The question now is can they translate their words into action. Here is what Ajay Banga had to say.
But the truth is that we cannot endure another period of emission-intensive growth. We must find a way to finance a different world, one where climate resilience is strong, pandemics are manageable, food is abundant, and fragility and poverty are defeated. Our playbook must reach everyone, including women and young people, and the development it underpins must be resilient to shocks, such as those related to climate change, biodiversity loss, pandemics, and conflict and fragility. It also must be sustainable, delivering steady economic growth and job creation, gains in health and education, credible fiscal and debt management, food security, and access to clean air, and water, and affordable energy.
Already, we are working to identify new efficiencies that will allow us to do more in less time – incentivizing output, not input, and ensuring our focus is not limited to money out the door but how many girls are in school, how many jobs are created, how many tons of carbon dioxide emissions are avoided, and how many private-sector dollars are mobilized.
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