TY - BOOK AU - Wolfensohn,James D. AU - Wolfensohn,James D. TI - Remarks at the Council of the Americas T2 - Speeches of World Bank Presidents PY - 1999/// CY - Washington, D.C. PB - The World Bank KW - Accounting KW - Audits KW - Bankruptcy KW - Bonds KW - Capital KW - Capital Markets KW - Commodity Prices KW - Corruption KW - Credit KW - Debt KW - Developing Countries KW - Distance Learning KW - Economic Policy KW - Education KW - Education For All KW - Equity KW - Exchange Rates KW - Family KW - Finance and Financial Sector Development KW - Financial Institutions KW - Financial Regulation & Supervision KW - Global Economy KW - Land KW - Leadership KW - Loans KW - Macroeconomics and Economic Growth KW - Microcredit KW - Monetary Policy KW - Politics KW - Poverty KW - Privatization KW - Property Rights KW - Public Sector Development KW - Social Justice KW - Social Protections and Labor KW - Social Responsibility KW - Social Safety Nets KW - Trade KW - Trade Unions KW - Transparency KW - Unions N2 - 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 UR - http://elibrary.worldbank.org/doi/book/10.1596/26168 ER -