Reaction to the G7 Communique from World Bank Group President Jim Yong Kim

SCHLOSS ELMAU, June 8, 2015—The World Bank Group today issued the following statement from World Bank Group President Jim Yong Kim in reaction to the G7 Communique:

On Climate Change:

“The G7 leaders issued a powerful statement on climate change today, committing themselves to aggressive action to reduce greenhouse gas emissions and to lead the decarbonization of the global economy. We welcome their call for multilateral development banks like ours to use to the fullest extent their balance sheets and capacity to leverage finance for climate action. We also welcome their call for the World Bank Group and partners to establish a platform for strategic dialogue on carbon markets and regulatory instruments.”

On pandemics and post-2015 global health:

“By supporting the creation of a pandemic emergency facility, G7 leaders today took an important step toward ensuring that the world is better prepared for the next pandemic. The pandemic emergency facility will promote better coordinated and more efficient national and global preparedness efforts, help create a new market for insuring developing countries against pandemic risks, and trigger support to flow quickly to contain future outbreaks. The delayed response to the Ebola crisis in West Africa must never happen again. With the support expressed today by the G7, and working closely with public and private sector partners, the World Bank Group will accelerate our efforts to launch the pandemic emergency facility before the next deadly, and potentially much worse, outbreak occurs. We also welcome the G7 leaders’ support for the establishment of the Global Financing Facility in support of Every Woman, Every Child, which will promote smart, scaled and sustainable financing to help end preventable maternal and child deaths by 2030.”

On food security and nutrition

“We are glad to see that food security and nutrition remain a major priority at the G7, as they are essential to everything from early childhood development to lifting people out of poverty.  These issues continue to be very high on our agenda at the World Bank Group.”