China News Service, March 25. The 2024 Annual Meeting of the China Development Forum will be held on March 24-25, 2024. On the morning of March 24, the "Seminar on the Dynamics and Prospects of China's Sustainable Development" was held. In his speech in the first half, World Bank Group President Pang Anjie said: China’s achievements in reform, opening up and poverty reduction prove that creating job opportunities is the most reliable way to eliminate poverty and achieve prosperity. China’s experience and practices can solve development problems for countries in the global South. Questions provide reference.
Peng Anjie said that global development is facing profound and rapid changes, and poverty, geopolitical conflicts and climate crises have jointly exacerbated inequality in global development. In recent years, the economic growth of developing countries has suffered setbacks. In the next ten years, 1.1 billion young people will join the employment force in countries in the Global South. However, according to relevant forecasts, only 325 million jobs can be created during the same period, which will be a very severe challenge. China's achievements in reform, opening up, and poverty reduction prove that creating job opportunities is the most reliable way to eliminate poverty and achieve prosperity. China's experience and practices can provide reference for countries in the global South to solve development problems. The cooperation between China and the World Bank began in the early days of China's reform and opening up. After more than 40 years of development, China has developed from a country that borrowed money from the World Bank and learned development experience from the World Bank's public knowledge library to one of the largest donors to the World Bank. It also actively exports content to its public knowledge base, and experiences and practices from China have been successfully applied in some other developing countries.
Peng Anjie said that in the past five years, the World Bank has helped 100 million people find employment, provided medical care services to more than 1 billion people, helped nearly 500 million children receive education, and reduced carbon emissions by more than 230 million tons every year. Facing the future, the World Bank has put forward a new vision, launched a private sector investment laboratory, and actively introduced private sector investment to solve problems in investment in emerging markets and promote better development in the future. This summer, the World Bank will launch a new guarantee platform and hopes to triple annual guarantee disbursements to $20 billion by 2030. At the same time, the World Bank is also working hard to find new tools and methods to deal with foreign exchange risks to promote meaningful large-scale investment. In addition, the World Bank is actively carrying out relevant work to turn the data it possesses into shareable global public goods to inspire investor confidence. The World Bank will actively promote the entry of more private sector capital into developing economies to have a positive impact and create job opportunities. Only when the private sector and governments work together can we build a fairer world and achieve development success.