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Ask your questions here for World Bank President Robert Zoellick

April 4, 2011

World Bank President Robert Zoellick is joining us for our next Thomson Reuters Newsmaker this Wednesday, April 6 in Washington, D.C. He will be talking about what the world can learn from the uprisings in the Middle East. Please leave your questions for Zoellick in the comments section below.

Comments

What is he doing to help prevent the next global financial meltdown?

Posted by rbren | Report as abusive
 

what could be the impact of the things going on in middle east?

Posted by bhagirathi | Report as abusive
 

1. Is it possible for the World Bank to be more proactive in its initiatives and less reactionary as the globe deals with a growing maturity with respect to the rights of individuals?
2. Can and should the Bank define its goals and mission in 2011 in a way that makes it more approachable by the average person? No one on this planet is unaffected by the work of those associated with the World Bank and it would seem this is clearly evident by what has occurred in the Middle East.

Posted by barvarvara | Report as abusive
 

Its nice to get the chance to ask a question to Robert Zoellick. Im from germany and i have a lot of questions to him, but unfortunately not to uprisings in the Middle East. I hope that you can ask him other questions after the main interview. I observe the world bank since a long time and topically im interested in one question:

The USA makes a bad mestake since … i think since the end of 2009…they are printing quantities of money. The inflation is more and more and now, the first countries no longer trust the Dollar. In 2010 there was a secret meeting with France, the arab league and other countries and they have spoken about a new global currency (i think the times or the guardian has reported about this). for sure, the dollar is very unstable, much european capitals, for example paris, dont accept the dollars from american tourists. they have big problems to find a exchange office. in my opinion its only a matter of time that the dollar is no longer the global currency. but on this of change, the usa will get the biggest commercial crisis in the complete history of the usa. even the best and biggest financial consultants in america thinking that it happens. they speculate could happen already this years or next year.

and now my questions to this problem:

Dear Robert Zoellick, what do you think about the possibility that there will be a new currency soon?
Do you believe that this will be the start of the biggest commercial crisis in the history of the usa?
What are consequences for the people?

I have also a lot of other questions about the financial help in africa, but i think that Robert Zoellick wouldnt answer this questions. :)

Wish you the best
Philipp

Posted by PhiKre | Report as abusive
 

What is your standing on the Portugal debt crisis? Will there be a bailout package done again and how does it plan to pay its debt? Isint there a debt ceiling ?

Posted by OPSG | Report as abusive
 

Why do you not have a Policy for All to View your records & have Full Discloser? And Follow up… Why are you not backing All Peoples to Free their Counties, why not support them Publicly?

Posted by 123Gillie | Report as abusive
 

What restructuring could, even if just a pipe dream, alleviate the current conditions at this moment? (Taking into consideration the evolution of the new world economy).
It seems, and correct me if I’m wrong, that we as an international community, have kept in place the exact same systems that were and are used prior to this evolution of international currency as a single market model.
To paraphrase the above – in the last 100 years we have changed models in terms of international trade, why has the systems of this foundation not evolved likewise, and can there be a way to form a new basis that corrects this?

My only thought would be a currency base that has a reflection upon the strongest currency currently use, has this and will this be contemplated in a potential merging of international markets?
IE. A cumulative stock exchange agreed upon centred perhaps around the symbolism of the headquarters geographically of the United Nations perhaps?

All of this speculation could now in the digital age as well perhaps be wholly virtual it would seem.

Posted by avgprsn | Report as abusive
 

This past year I represented Australia on the World Bank at the National High School Model United Nations conference, and accordingly I learned much about the World Bank and its functioning in the international stage.

Questions:

1. Since the World Bank’s primary goal is to reduce global poverty, what advances has the World Bank achieved recently in order to support the United Nation’s Millennium Development Goals (MDGs)? Has the global economic recession effected the World Bank’s targets for achieving the MDGs?

2. As the international community begins to emerge from the global financial crisis, what are the World Bank’s plans to help promote a more stable and prosperous global economy,while continuing to support economic growth for vulnerable populations?

Posted by Baseballfan1 | Report as abusive
 

I just saw that movie “The Inside Job” which is explaining very well how this financial meltdown came about and, more importantly, who is responsible for it and how much money they made not only in the process, but also in terms of severance payments when they walked away from it all.

Are you going to go after them and, if yes, when?

Posted by Rhino1 | Report as abusive
 

In what way would going to an international currency be of benefit to the United States?

The the entire world moved to a world currency, the effect of the value of a dollar would fall? What benefits are there in the currency switch that would outweigh the sacrifices for the United States?

In God We Trust,

Theresa Fleming
MomsForAmerica.com

Posted by MomsForAmerica | Report as abusive
 

Is this a deliberate collapse of the U.S. Dollar to move towards a global currency to unify the worlds finances?

Posted by StephenSabella | Report as abusive
 

My question is for Mr. President

What will be the impact of M.East uprising to the existence of Israel in long term.

Posted by Molinas | Report as abusive
 

What can we do to for an easier transition after the failure of “conventional” economics? When will we step away from the infinite growth model which first brought prosperity but which will also inevitably inflict huge damage? What seems to be the right formula for the next type of society, economy and politics?

Posted by mpavlov | Report as abusive
 

The high food price is taking its toll on the poor people and farmers globally. How do you foresee the consequences to the poorest? Is the worst still to come? How would WB combat this scenario?
Most of the time, African countries gets the prominent space when the issue about food crisis, malnutrition, climate change..etc are talked about. It seems that agency like yours are not advocating or doing enough for poor countries like for e.g. south asia, where the issue is relatively neglected compared to African nations. This is becoming a silent emergency in South Asia. Isn’t it a good idea to invest in such countries before the situation get too difficult to control?

Posted by daybase | Report as abusive
 

Each country usually promote their economics policies to grow the economy of their country without concern to disparity of development. It makes the poor people getting poorer while the rich people get richer. But i think, it’s important to review, a high national income should be followed by the equitable distribution of income at every classes of society. Please explain to me, how is the best economic development system in order to avoid imbalance of equal distribution of income, so development outcomes in the form of welfare can be felt not only by the upper classes of society but also among the bottom?

Efi Yuliani,
Institute of Statistics
Jakarta, Indonesia

Posted by EfiYuliani | Report as abusive
 

Does he feel the ECB hawkishness to embark on interest rate tightening is a big policy mistake akin to when they raised rates in 2008? Remember also Japan in the early 1990s, when the Bank of Japan more than doubled its key rate to 6% as an oil-price surge during the Gulf War pushed inflation as high as 4.2%. Governor Yasushi Mieno then had to backtrack as inflation evaporated, slashing the benchmark to less than 2% by the end of 1993. And how about Japan’s 1997 effort to balance its budget, which included a two percentage point increase in the consumption levy which is blamed for renewing recession?

Posted by mymarketz | Report as abusive
 

Dear Mr. Zoellick,

Given the recent rise in the number of undernourished persons throughout the world it seems clear that many countries need support to invest in equipment, seeds, etc. Would it be possible for the World Bank to work with funds and financial firms to direct and encourage private investment where it is most needed? Using the World Bank’s expertise in the field of agriculture in developing and least developed countries could improve the transparency of investments, their efficiency and their attractiveness so I hope it could be accomplished.

Thank you,

Jean-Jacques

Posted by Jean-Jacques | Report as abusive
 

As America continues to deny their debt problem and they reach 100% of GDP how is the ”World Bank” and IMF dealing with the real possibility of a devalued world reserve currency? Doing nothing would continue to encourage America as they try to sell more debt that cannot be paid; how is the world bank planning to address the real possibility of non-payment? Also, if there is a collapse in American what role would the dollar play in the “SDR” and how does the World Bank deal with this type of currency or “shared drawing rights?”

Posted by Jusaf2 | Report as abusive
 

It seems to me that the solution to the national debt could be easy to arrange. First have Bernanke print about $5 trillion extra dollars without announcing it and buy Yen and Euros with it. Then have Bernanke announce that they are going to print $15 trillion dollars to pay off the US debt and the markets will push the dollar down about 90 percent in value. Then we can cash in the $5 trillion Yen and Euros we brought in secret for more than $25 trillion and use $15 trillion to pay off the national debt and then use $5 trillion to pay back the orginal $5 trillion Bernanke printed.

And we would have about $5 trillion left over as a surplus. When Bernanke announces that we are not going to print $15 trillion dollars the dollar will bounce back to twice what it was worth and then when we announce the national has been paid off through taxes on the super rich the dollar will double in value again.

Why don’t we do this it is a nice simple easy way to wipe the national debt???

Posted by JEYF | Report as abusive
 

There has been a discussion of a global currency created to offset the pressures on a single nation state dominated currency (US) and to call this new currency the “Bancor”. Is this still an active discussion and what do you see as the feasibility and timing of such an effort?

Posted by donbruce | Report as abusive
 

The first timeline for MDGs is approaching. But frank question – is the world becoming better place with time or not. What is the biggest problem before humanity – particularly to the poor? Population explosion problem. We may or may not achieve the given MDGs. But is there any thinking to re-design the MDGs themselves, particularly to include/emphasize population explosion/ family planning issues in the MDGs.

Posted by Zowad | Report as abusive
 

I would to ask about the late movement trying to give more vote power to developing country and the emerging countries, in particular. In some cases, as for China in Africa, this bilateral assistence is not in accordance with the ideals fo the World Bank. Does the institution have a guideline to deal with the bilateral investments made by these new powerful economies? Is trying to gain proximity with the emerging countries an option?

Posted by jvidotto | Report as abusive
 

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