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Remarks by World Bank President Ajay Banga at the 2023 G20 India Leaders Summit "One Future" Session

Washington, DC: World Bank

🛡CC BY 3.0 IGOPermitted use with attribution

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Abstract

This report discusses the remarks delivered by the World Bank President, Ajay Banga, at the 2023 G20 India Leaders Summit "One Future" Session held on September 10, 2023. He said that we face declining progress in our fight against poverty, an existential climate crisis, food insecurity, fragility, a fledgling pandemic recovery, widening disparity, and a crippling war on the borders of Europe. He congratulated Prime Minister Modi and all G20 Members on, puts the World Bank at the center of their search for solutions. He mentioned that to truly make a difference, we will need a greater appetite for risk, meaningful private sector financing, and a sense of urgency. He explained that the World Bank is working to expand concessional financing to help more low-income countries achieve their goals, while thinking creatively about how to encourage cooperation across borders and tackle shared challenges. He insisted on keeping focus on how many girls are in school, jobs created, and private sector dollars mobilized. He concluded by saying that, as we face a new era in development, the World Bank remain committed to creating a world free of poverty on a livable planet.

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