Opinion

The Great Debate

World Bank’s Zoellick responds to bloggers

By Reuters Staff
April 1, 2009

Robert Zoellick

World Bank President Robert Zoellick spoke at a Thomson Reuters Newsmaker on March 31st  in front of an invited audience and announced a $50 billion programme to counter a decline in global trade.

Zoellick, who once called for a  “Facebook for multilateral economic diplomacy”, also agreed to answer questions from bloggers, which our social media team had collected via Twitter and on this blog ahead of the Newsmaker.

You can watch video of the social media session here and follow the Newsmaker chatter on our Great Debate Twitter channel.

Comments
4 comments so far | RSS Comments RSS

Mr Zoellick is probably wholly unprepared for a “macro view” of economic sentiment at this point from legitimate finance bloggers.

It would be a fire storm of criticism. And rightfully so. But I guess this is a move in the right direction, however, having people like Mr Zoellick and President Obama “available” via Twitter is not a step towards transparency. You can pretty up the FinancialStability.gov website but that doesn’t make Geithner’s plan any more viable. Same thing.

 

Very good and accurate session

 

What is the real story behind the Federal Reserve Bank and how did it come to be? Why can’t we just get rid of this instituion? Thank You

Posted by Tom | Report as abusive
 

What is the World Bank’s AfPak Development Strategy?

I provide a strategy that will work. Understanding causes and mechanism to alleviate vulnerability amongst people who living rural and remote areas is the key to conflict resolution in Afghanistan. In this context it is important to study the problem of Agriculture in Afghanistan which has suffered extensively due to long period of internal disturbance and a war like environment all over the country. The reconstruction of Afghanistan can at best be based on bringing back agricultural into focus and while doing so modernize it. Given the rural nature of Afghan economy, reduction of poverty and ensuring food security for the masses needs urgent attention on its agricultural sector and linkages between its rural-urban markets. Agricultural sector growth needs support from a number of non-farm activities beginning from agricultural extension activities and provisioning of input supplies to rural outback. Given not so hospitable terrains most important is to crate/recondition rural road network, establish transportation and market linkages. Expanding Irrigation systems and enhancing water availability to promote cultivation is another important activity which requires immediate attention. All the above sets of activities require involvement of both trained and manual workforce drafted form the local areas. Afghanistan has been well known for exporting exotic high value dry fruits all over the world. A cost efficient strategy to enhance rural incomes, therefore, is to encourage cash crop (fruit) cultivation and complementing it by technology aided processing, for example, dehydrating and packaging that facilitate exports. Technology and skill formation will also be needed in the area of warehousing, milling, standardization and food processing so as to modernize agricultural markets. Market information system and establishing a rural area data and information network are other areas that need investment in training, education and extension activities.

Posted by Abusaleh Shariff | Report as abusive
 

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