Fulfilling Iraq's Potential
Jim Yong Kim, President of the World Bank Group, noted that even in the face of substantial challenges, democracy is taking root in Iraq. He believes that Iraq’s success can bring stability and prosperity to hundreds of millions of people. He discussed three cr...
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| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/291611536668684580/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-Fulfilling-Iraqs-Potential http://hdl.handle.net/10986/31103 |
| Summary: | Jim Yong Kim, President of the World Bank Group, noted that even in the
face of substantial challenges, democracy is taking root in
Iraq. He believes that Iraq’s success can bring stability and
prosperity to hundreds of millions of people. He discussed three critical steps that Iraq must continue to build the foundations of an inclusive society. First, look
beyond the traditional social, cultural, and geographic
boundaries in Iraq. Empower all its regions, and give
more capacity to local government, all the way to the
municipal level. Second, Iraq needs to diversify its
economy. Third, Iraq needs to put its economic house in
order, reducing waste of precious resources, strengthening
accountability, and undertaking important, necessary
reforms. In the energy sector, for example, reforms must
address subsidies which contribute to chronic and pervasive
shortages of electricity. He concluded by saying that
through war, violence and strife, the Iraqi people have
shown the world the meaning of resistance, resilience,
courage, and nobility. |
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