This is the transcript of the remarksdelivered by Jim Yong Kim, President of the World Bank Group. Hediscusses on the period of slow growth, the end of thecommodity super-cycle, pending interest-rate hikes, and thecontinued flight of capital out of emerging markets in theworld. He talks about governments that must overcome agrowing demographic divide to make future progress. He talksabout the climate change and the need to cut emissions andinvest in greater resilience . He speaks about developingcountries that are going to get serious about increasing taxrevenues, and stopping illicit flows of money. He mentionsabout the increase of capacity to support countries all overthe world in building successful Purchasing Power Parity(PPP). He concludes by talking about Mexico and its veryrapid development in the northern states and the need toapply that model for the development of southern states.
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