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FINANCE055Below: President of theWorld Bank Group,Robert B Zoellicktechnologies with applications in poorer countries,promote off-grid solar, innovate with geothermal, andsecure win-win benefits from forest and land usepolicies. In the process, we can create jobs andstrengthen energy security. The developed world has prospered through hydroelectricity from dams. Some do not think thedeveloping world should have the same access to thepower sources used by developed economies. Forthem, thinking this is as easy as flicking a switch andletting the lights burn in an empty room. While we must take care of the environment, wecannot consign African children to homework bycandlelight or deny African workers manufacturingjobs. The old developed country prism is the surest wayto lose developing country support for globalenvironment goals.CONCLUSION We cannot predict the future with assurance. But wecan anticipate directions - and one is that the age of amultipolar global economy is coming into view. This is no aberration, no blip. We still live in a world ofnation-states. But there are now more states wieldinginfluence on our common destiny. They are bothdeveloped and developing, spanning all regions of theglobe. This can be all to the good. But the contours ofthis new multipolar economy are still forming. It needsto be shaped. nBIOGRAPHYRobert B. Zoellick became the 11th President of theWorld Bank Group, which works with 186 membercountries, on July 1, 2007. Prior to joining the Bank,Mr Zoellick served as Vice Chairman, International ofthe Goldman Sachs Group as well as ManagingDirector and Chairman of Goldman Sachs' Board ofInternational Advisors from 2006 to 2007.In 2005-06, Mr Zoellick was the Deputy Secretary ofthe US State Department. He was the Department'sChief Operating Officer and policy alternate for theSecretary of State, in addition to having lead policyresponsibility in a number of areas. From 2001 toJanuary 2005 Mr Zoellick served in the US cabinet asthe 13th US Trade Representative. He forged anactivist approach to free trade at the global, regional,and bilateral levels, while securing support for openmarkets with the US Congress and a broad coalitionof domestic constituencies.For the full text of Mr Zoellick's speech "The End ofthe Third World? Modernising Multilateralism for aMultipolar World" please visit: www.worldbank.orgbook from developed countries to impose a one-size-fits-all model on developing countries. And they willsay no. Climate change policy can be linked todevelopment and win support from developingcountries for low carbon growth - but not if it isimposed as a straitjacket. This is not about lack of commitment to a greenerfuture. People in developing countries want a cleanenvironment, too. Developing countries need supportand finance to invest in cleaner growth paths. 1.6billion people lack access to electricity. The challengeis to support transitions to cleaner energy withoutsacrificing access, productivity, and growth that canpull hundreds of millions out of poverty. Avoiding geo-politics as usual means looking at issuesdifferently. We need to move away from the binarychoice of either power or environment. We need topursue policies that reflect the price of carbon,increase energy efficiency, develop clean energy

aving emerged form the global economiccrisis in a relatively good shape, Africamust now focus on longer-termchallenges such as climate change, saidDominique Strauss-Kahn, Managing Director of theInternational Monetary Fund (IMF), at theInternational Conference Centre in Nairobi. He calledupon the international community to marshal theresources needed to help developing countriesaddress climate change, which could be "the shock toend all shocks".Africa still remains highly vulnerable to economicdislocation from many different sources. Think aboutswings in commodity prices, natural disasters, orinstability in neighboring countries. Think about the risks that come from relying heavily onremittances, aid, and financial flows. Think aboutclimate change.The twin challenges for Africa are to revive stronggrowth and reinforce resilience to shocks. The firstplace to start is with macroeconomic policies. A majorlesson from the crisis is that countries that sowed intimes of plenty were able to reap in times of loss.Policy buffers must therefore be rebuilt, to allow forfuture countercyclical responses, with fiscal policyand with reserves. Social safety nets must be strengthened - this is thefirst line of defense for the population against adverseshocks. We should also beware that widening incomeinequality - across regions or segments of thepopulation - can aggravate tensions and make shocksmore destabilising.How else can countries increase resilience to shocks?Better insurance can soften the economic hardshipSECURING LONG-TERM FINANCING FOR CLIMATECHANGE ADAPTATION AND MITIGATION056FINANCEDOMINIQUE STRAUSS-KAHN, MANAGING DIRECTOR, THE INTERNATIONAL MONETARY FUND (IMF)HCredit: © European Communities, 2009