Wolfensohn, James D.

Address to the Bankers' Club, London James D Wolfensohn. [electronic resource] / James D Wolfensohn. - Washington, D.C. : The World Bank, 1997. - Speeches of World Bank Presidents . - Speeches of World Bank Presidents World Bank e-Library. .

James D. Wolfensohn, President of the World Bank, made points on topics that link banking to the developing world: scourge of acquired immune deficiency syndrome (AIDS), which has 16 million people suffering from that disease; crime; war; migration, because migration comes from countries that do not have economic opportunity; and trade. It is crucial that the bankers in the city, as the home of international banking and the largest center of international banking, recognize that there is something more than the profit motive. As far as development is concerned, it's no longer an issue of having government to government assistance.

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