WORLD BANK / MOROCCO AJAY BANGA SPEECH

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13-Oct-2023 00:04:06
In his first major speech since taking office, World Bank President Ajay Banga laid out the World Bank’s new vision and mission. WORLD BANK

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TITLE: WORLD BANK / MOROCCO AJAY BANGA SPEECH
TRT: 04:06
SOURCE: WORLD BANK GROUP
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 13 OCTOBER 2023, MARRAKECH, MOROCCO

SHOTLIST:

1. SOUNDBITE (English) Ajay Banga, World Bank President:
“We have to be the hand on their back – moving people forward. We must be an institution that exports optimism and impact. But we must change to make good on that promise and deliver on what is being demanded from us. The World Bank is turning to face the wind. That evolution began months ago, and today there is a new vision and mission for the World Bank, and that is: To create a world free of poverty – on a livable planet.”
2. Various shots, World Bank Group-IMF Annual Meetings 2023 site in Marrakech, Morocco
3. SOUNDBITE (English) Ajay Banga, World Bank President:
“Over the last few months, we have dug even deeper. We’ve created a portfolio guarantee mechanism. We’ve launched a hybrid capital instrument. These new tools enable us to take more risks and may boost our lending capacity further – all while preserving our AAA rating. Taken together this could help us provide $150 billion plus in lending capacity over a decade. This work has been met with enthusiasm – and generosity.”
4. Various shots, audience at the IMF WORLD BANK plenary
5. SOUNDBITE (English) Ajay Banga, World Bank President:
“The World Bank has launched an ambitious program to quicken our pace, increase our efficiency, and simplify our processes. Knowing that when development is delayed – development is denied.”
6. Various shot, World Bank Group-IMF Annual Meetings 2023 site in Marrakech, Morocco
7. SOUNDBITE (English) Ajay Banga, World Bank President:
“But even with a better Bank, even with governments, even with multilateral institutions, and philanthropies all working together, we are still going to fall very far short. We need the scale, the resources, and the ingenuity of the private sector.”
8. Various shots, World Bank Group-IMF Annual Meetings 2023 site in Marrakech, Morocco
9. SOUNDBITE (English) Ajay Banga, World Bank President:
“Every generation believes that the set of challenges laid before them are the most difficult, the most consequential, and the most intractable. But never has humanity stared down a set of problems so complex and severe that our very existence is in question. However, as the leader of an institution founded on the principals of peace and cooperation, I wanted the first time I spoke to you to be one with impact but also optimism. There is nothing that gives me more hope than our capacity to work together in common purpose. Do not look at the ground, do not fail to lift your gaze. If one thing is clear today, it should be that the eyes of the World Bank are fixed on the horizon.”

STORYLINE:

In his first major speech since taking office, World Bank President Ajay Banga laid out the World Bank’s new vision and mission.

At the plenary of the World Bank Group – International Monetary Fund Annual Meetings in Marrakech, Morocco today (October 13), Ajay Banga said that the World Bank’s new vision is widening the organization’s aperture and reflecting the reality that the luxury of choice was for the last generation.
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WORLD BANK
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3113632