Sec. Yellen: I Will Be Calling on World Bank Management to 'Develop a World Bank Evolution Roadmap'

YELLEN: “The current challenges are urgent. And that is why I, along with leaders from a broad group of countries, will be calling on World Bank management at the annual meetings next week to work with shareholders to develop a World Bank evolution roadmap by December. Deeper work should begin by the spring. Shareholders will then need to drive parallel holistic reform efforts across other development banks as well. To accelerate this work, my team will step up our engagement with World Bank shareholders and management and we look forward to discussing more details on this project in the coming weeks.”