Remarks at the Council of the Americas [electronic resource] / James D Wolfensohn.
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TextSeries: Speeches of World Bank Presidents | World Bank e-LibraryPublication details: Washington, D.C. : The World Bank, 1999Subject(s): Accounting | Audits | Bankruptcy | Bonds | Capital | Capital Markets | Commodity Prices | Corruption | Credit | Debt | Developing Countries | Distance Learning | Economic Policy | Education | Education For All | Equity | Exchange Rates | Family | Finance and Financial Sector Development | Financial Institutions | Financial Regulation & Supervision | Global Economy | Land | Leadership | Loans | Macroeconomics and Economic Growth | Microcredit | Monetary Policy | Politics | Poverty | Privatization | Property Rights | Public Sector Development | Social Justice | Social Protections and Labor | Social Responsibility | Social Safety Nets | Trade | Trade Unions | Transparency | UnionsOnline resources: Click here to access online Abstract: James D. Wolfensohn, President of the World Bank Group, reassessed the global financial architecture and its impact on Latin America. Latin American countries, being small economies, are very vulnerable to world pressures. After a huge drop in private sector finance, we're seeing the first signs of return. What we need now is greater transparency and supervision in banking and the private sector-and a better common set of principles and standards. We need decent government, trained government, with capacity at all levels. We need legal systems that work. We must ensure social safety nets are in place. The things that bring about equity in a society are education and knowledge. Latin America's kids need stability and social justice.
James D. Wolfensohn, President of the World Bank Group, reassessed the global financial architecture and its impact on Latin America. Latin American countries, being small economies, are very vulnerable to world pressures. After a huge drop in private sector finance, we're seeing the first signs of return. What we need now is greater transparency and supervision in banking and the private sector-and a better common set of principles and standards. We need decent government, trained government, with capacity at all levels. We need legal systems that work. We must ensure social safety nets are in place. The things that bring about equity in a society are education and knowledge. Latin America's kids need stability and social justice.
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