Discussion |November 13, 2017
Video Replays: WBG-IMF Annual Meetings
The discussions held during October’s 2017 Annual Meetings highlighted successes and challenges in global development. We found two events particularly relevant to GICA’s efforts — click on the event title to watch the video replays:
One of the week’s flagship events, the discussion surrounding the historic Belt and Road initiative — launched by China’s President Xi Jinping in 2013 and involving 65 countries across Europe, Africa, and Asia — featured high-level panelists, including representatives from four members of GICA: Jim Yong Kim, President, World Bank Group; Jin Liqun, President, Asian Infrastructure Investment Bank; Shi Yaobin, Vice-minister, Ministry of Finance, People’s Republic of China; Sri Mulyani Indrawati, Minister of Finance, Indonesia; and Erbolat Dossaev, Deputy Prime Minister, Republic of Kazakhstan.
Hosted by the World Bank Group’s Trade & Competitiveness Global Practice, this event focused on how technology affects how and where goods are made. Looking ahead, localization and customization of production, along with services, will offer openings for growth and employment, as will services, which are increasingly becoming embedded in manufacturing. But in order to create the jobs of tomorrow, developing countries need to focus on policies that build an enabling environment, consisting of the “3 Cs” — connectivity, connectedness, and capabilities.