Monday, October 25, 2010

A message from the President of World Bank

A message from World Bank Group President Robert B. Zoellick to the people of the Republic of Korea

The eyes of the world will be on the Republic of Korea this year as it assumes the presidency of the G20. This is 
a critical time for the global economy and a major test of the G20’s credibility. With the recovery still uncertain, 
it will be vital to move towards rebalancing global growth and recognizing that developing 
countries can play an important part in the emerging mulipolar world economy. 
Support for developing countries is not charity. It is self- interest. 
They can become new poles of growth that will make the world economy more stable 
and create jobs in a developed world mired in slow growth and high debts. 
I would like to thank and commend the leadership of President Lee Myung-Bak in 
the G20 process. Korea has helped ensure that development issues are on the 
G20 agenda. This is important for the G20’s credibility with the rest of the world. 
Korea’s history qualifies it for a leadership role in this changing global economy. 
Korea is one of the world’s great development success stories successfully 
advancing from a receiver of development assistance to a provider. Korea is 
ensuring that the voices of those outside the G20 are heard. Nothing less is 
needed if the world is to achieve inclusive, sustainable and balanced growth. 
To that end, the World Bank Group stands fully behind Korea as it negotiates 
the path ahead for the G20. 
Robert B. Zoellick
World Bank Group President

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