ABCDE 2011 kicks off in Paris

The ABCDE 2011 conference opened this morning in Paris. Around 700 people have registered to attend the event and the morning sessions were fully booked.

Angel Gurría, OECD Secretary-General

Mr. Angel Gurría, Secretary-General, Organisation for Economic Co-operation and Development (OECD), opened the proceedings of the event and framed the main topic of the discussions. In his view, the level of inequality is the world is morally unacceptable and economically and socially unsustainable. There is also  a clear need to look at growth in terms of its impact on the environment: the green economy can open up opportunities for growth and development.

Georges Serre, Deputy Director-General of Global Affairs, Development and Partnerships, Ministry of Foreign and European Affairs, France

From his side, Mr. George Serre, Deputy Director-General of Global Affairs, at the French Ministry of Foreign  Affairs, underlined the need to find alternatives and innovative source of development financing.

Delphine D'Amarzit, Director, Multilateral Affairs and Development, Ministry of the Economy, Finance and Industry, France

From her side, Mrs. Delphine D’Amarzit, from the French Ministry of the Economy, clearly stated that when inequalities are present, the effects of economic growth are “meaningless”.

Justin Yifu Lin, Senior Vice President and Chief Economist, World Bank

Finally, Justin Yifu Lin, Senior Vice President and Chief Economist, World Bank, concluded that, in order to broaden the opportunities for development, its key to investment in people in terms of education, health, access to social services.

You can follow the conference on Twitter (#ABCDE) and online at  http://www.worldbank.org/abcde2011

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