World Bank Kim: Changes to econ policy in China to lead to slower growth
World Bank President, Jim Yong Kim joined Bloomberg Television’s Stephanie Ruhle and Erik Schatzker today on “Market Makers” and said the World Bank could begin moving “fairly quickly” in providing Ukraine with about $3 billion in aid aimed largely at basic needs such as health care. Kim also said:
– World Bank could move forward ‘Fairly quickly’ but needs to see commitment to a reform agenda.
– “Implementation will be difficult,” because reforms will include removing fuel subsidies
– World Bank can ‘carefully follow’ Ukraine aid flow.
– ‘Reform’ in China likely to lead to slower growth.
– World Bank supports economic ‘reforms in China.
– Sees ‘signals’ Yellen will make stimulus exit ‘smooth’
– “Inequality is a drag on growth.”
– “Science is clear” on Climate Change, “we will do best we can.”
source: Bloomberg Television