World Bank Videos

TCS results beat expectations; Satyam Computers delays restatement of accounts; China s biggest auto company eyes Indian market

Turkish riot police used tear gas and water canons to break up a rally by 2,000 anti-IMF protestors in Istanbul on Tuesday and detained about 50 people, officials said. Police charged the crowd in Taksim square, in Istanbul's European quarter, when they tried to march on a convention centre where the International Monetary Fund and World Bank are holding their annual meeting. Duration: 00:54

MaximsNewsNetwork: 28 September 2009 - World Bank President Robert Zoellick says the world-wide economic crisis is hastening massive shifts in trade, currency markets, and the role of developing countries. World Bank President Robert Zoellick told an audience at Johns Hopkins University that world finances are undergoing seismic changes. One of those changes, he said, might be the end of the dominance of the US dollar. SOUNDBITE (English) Robert Zoellick, President, World Bank: The United States would be mistaken to take for granted the dollars place as the worlds predominant reserve currency. Looking forward, there will increasingly be other options to the dollar. Zoellick also questioned the role of central banks, especially the United States Federal Reserve. Zoellick said the banks responded well to the financial crisis once it hit, but failed to do enough to avert it. And he also argued that countries and institutions should hold each other accountable to doing what they say they will do. SOUNDBITE (English) Robert Zoellick, President, World Bank: The old international economic order was struggling to keep up with change before the crisis. Todays upheaval has revealed the start gaps and compelling needs. It is time we caught up and moved ahead. Zoellick urged the G20, the worlds richest nations, to remember those 160 countries that are not part of the group, both as needing assistance and as engines for future growth. SOUNDBITE (English) Robert Zoellick, President, World Bank: A more balanced and inclusive growth model for the world would benefit from multiple poles of growth. With investments in infrastructure, people, and private businesses, countries in Latin America, Asia, and the broader Middle East could contribute to a New Normal for the world economy. Zoellicks spoke in Washington as the World Bank and International Monetary Fund are preparing to hold their annual meetings to further address these issues, in Istanbul next week. MaximsNewsNetwork: News Network for the United Nations and the International Community. See: http://www.MaximsNews.com. GIVING POWER .

DGCA s safety oversight under scrutiny; aviation industry starts getting unionised; India to push for greater role in global institutions

Utilizing excerpts from the award-winning non-fiction text "A Small Place" by Jamaica Kincaid, Life & Debt is a woven tapestry of sequences focusing on the stories of individual Jamaicans whose strategies for survival and parameters of day-to-day existence are determined by the U.S. and other foreign economic agendas. By combining traditional documentary telling with a stylized narrative framework, the complexity of international lending, structural adjustment policies and free trade will be understood in the context of the day-to-day realities of the people whose lives they impact. The film opens with the arrival of vacationers to the island-- utilizing Ms. Kincaids text as voice-over, we begin to understand the profound contrasts behind the breathtaking natural beauty of the island. The poetic urgency of Ms. Kincaids text lends a first-person understanding of the legacy of the country's colonial past, and to it's present day economic challenges. For example, as we see a montage of the vacationer in her hotel, voice-over: "When you sit down to eat your delicious meal, it's better that you don't know that most of what you are eating came off a ship from Miami. There is a world of something in this, but I can't go into it right now." (adapted excerpt "A Small Place") http://www.lifeanddebt.org