2008 Woodie Awards
The Daily OrangeWorld Bank rep speaks on green initiatives
By Eric Meyers
Posted: 3/19/08, 10:32 PM EST Section: News
"Promoting the development of the private sector in developing countries helps reduce poverty," he said.
This is one of the main goals of IFC and one of the areas Yourougou anticipated Babin discussing.
"He has expertise on how to manage a portfolio considered very risky," Yourougou said.
One of the reasons Babin gave for the World Bank's success was the variety in its portfolio. They have such a large amount of investments that the risk is minimized, he said. There are currently 179 member countries.
"I'm trying to make people see how emerging markets perform and invest," Babin said. "These are the markets of the future."
Yourougou said he was looking forward to students getting a chance to learn from a representative of the World Bank.
"I was surprised that several students hadn't heard of the World Bank because it is one of the main institutions financing the world," he said. "The World Bank is the lending organization present in every country in the world."
esmeyers@syr.edu
This is one of the main goals of IFC and one of the areas Yourougou anticipated Babin discussing.
"He has expertise on how to manage a portfolio considered very risky," Yourougou said.
One of the reasons Babin gave for the World Bank's success was the variety in its portfolio. They have such a large amount of investments that the risk is minimized, he said. There are currently 179 member countries.
"I'm trying to make people see how emerging markets perform and invest," Babin said. "These are the markets of the future."
Yourougou said he was looking forward to students getting a chance to learn from a representative of the World Bank.
"I was surprised that several students hadn't heard of the World Bank because it is one of the main institutions financing the world," he said. "The World Bank is the lending organization present in every country in the world."
esmeyers@syr.edu
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