We congratulate Dr. Jim Yong Kim for his election as the new president of World Bank. The Philippines assures Dr. Kim of its continued support to the multilateral agency under his leadership as the Bank moves to ensure that sustainable and inclusive growth is experienced across all nations.

We are eager to work with Dr. Kim, a development expert and an anthropologist, on strengthening the Bank’s initiatives toward uplifting people’s lives – a mission that Dr. Kim has lived throughout his work in international development.

The Philippines and the World Bank group have already achieved significant milestones in eradicating poverty, strengthening governance, and boosting economic growth. We hope to further deepen this partnership with the Bank under Dr. Kim’s leadership.