The President of the
World Bank,
James Wolfensohn, will be giving a lecture as part of the
Oxford Amnesty Lecture series later this week...
While undertaking background reading in preparation for this visit Earth-Info.Net came across a speech Mr. Wolfensohn gave recently in Ireland entitled "
Towards a More Secure World". Here are a few quotes:
"....we have of the order of $50 billion being made available for development assistance globally"
"The United States this year will contribute
$10 billion. The
United States will spend $360 billion this year on defense. The
world will spend between $800 billion and $1 trillion on defense, while $50 billion is spent on development assistance.
$350 billion a year will be spent on agricultural subsidies, while $50 billion a year is spent on development assistance."
"And the world has set a series of goals called the
Millennium Development Goals to halve
poverty by 2015, to get all the kids in
school by 2015, to reduce
infant mortality and
maternal mortality, to deal with
AIDS, to deal with the
environment. And, frankly, it's just
not possible to get there with $50 billion, even on the assumption that we get, as we should, a much more effective use of the $50 billion."
"
Even on the assumption that we get $10 billion or $15 billion more , we're still short $30, $40, $50 billion in terms of achieving goals that all the leaders of the world have said we should."
"The
primary issue, then, which I think we need to address is how seriously all of us take the question of development, both in terms of
how we come together and how we
provide resources in terms of development assistance and how we deal with the
question of trade. Because if you encourage people to
build their productive capacity and then
block them from your markets, it's not a great incentive.
Cotton is a single example in one country that you know well, in Uganda. The
cotton subsidy provided by the Northern countries to their growers has cost Uganda $250 billion-just on cotton."
In a second speech on
African development entitled
Putting Africa Front and Centre Mr. Wolfensohn deals with the importance of
partnerships, capacity building, prevention, education, tackling corruption + implementation of existing plans in achieving development...
Earth-Info.Net cannot help wondering how + why governments repeatedly
fail to fulfill their international funding commitments and why after dozens of reports + summits
so little progress has been made with regard to implementation.