World / Newsmakers

China supports Dr. Kim's second term as World Bank Group President

( Updated: 2016-09-01 20:29

The World Bank Group is a key multilateral development institution dedicated to reducing global poverty and supporting development. On the selection of President, China is supportive of the "open, merit-based and transparent" principles.

Dr. Jim Yong Kim assumed office in 2012. Since then, he has been working earnestly on the reform of the World Bank Group, setting the twin goals of "ending extreme poverty and promoting shared prosperity", promoting global economic recovery and development with a vision of leading the World Bank Group to be better and stronger. Under his leadership, the World Bank Group has been strengthening cooperation with client countries, providing tailored solutions to them in a demand-driven approach and with greater development impact. It is also highly commended that he guides the World Bank Group to closer partnership with other Multilateral Development Banks and the private sectors for more results on global poverty reduction and development.

Dr. Kim also made great efforts to deepen the comprehensive cooperation between the World Bank Group and China. Substantial achievement has been made in lending, knowledge and international development cooperation. Such work brings about not only economic development in China and the world, but also development of the World Bank Group itself. In Particular, Dr. Kim's support to the cooperation between the World Bank Group, the Asian Infrastructure Investment Bank and the New Development Bank has enhanced the overall strength of the multilateral development system as a whole and is conducive to achieving the 2030 Agenda for Sustainable Development.

China appreciates the impressive achievement and leadership of Dr. Kim in his first term. China supports Dr. Kim's re-election as the World Bank Group President for a second term. China expects the World Bank Group to play a greater role in the global development agenda with greater contribution to global development cooperation, poverty reduction, economic recovery and growth.

(Source: Ministry of Finance)

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