| 00:00:03 |
Dadush, Uri - Director
BANK. GUEST: YES. I WORKED AT THE WORLD BANK FOR 17 YEARS AND LEFT AT ABOUT 3 YEARS AGO TO JOIN CARNEGIE. HOST: IF YOU HAD TO BOIL
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| 00:00:13 |
Echevarria, Pedro - Host
IT DOWN, WHAT DOES THE WORD BANK DO? GUEST: IT
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| 00:00:17 |
Dadush, Uri - Director
PROMOTES DEVELOPMENT AND IT PROMOTES DEVELOPMENT WITH A PARTICULAR FOCUS ON REDUCING POVERTY. SO IT HAS A VERY STRONG SOCIAL FOCUS AS WELL AS A GROWTH...
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| 00:00:35 |
Echevarria, Pedro - Host
TALK ABOUT PROMOTING DEVELOPMENT WHAT KIND OF PROJECTS DOES IT INVOLVE ITSELF WITH? GUEST: IT USED
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| 00:00:41 |
Dadush, Uri - Director
TO INVOLVE ITSELF PRIMARILY IN PROJECTS YOU WOULD EASILY RECOGNIZE, BRIDGES AND ROADS AND POWER STATIONS. BUT INCREASINGLY IN OVER THE LAST 20 YEARS...
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| 00:01:36 |
Unidentified Speaker, -
GO TO THE BANK. DO THEY ASK FOR DOLLARS? DO THEY ASK FOR LOANS? HOW MUCH ARE THEY GRANTED? AND WHAT'S THE PROCESS OF GRANTING THESE MONS FOR THE...
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| 00:01:47 |
Dadush, Uri - Director
GUEST: OK. SO THE PRIMARY VEHICLE IS LOANS. IT'S LOANS TO GOVERNMENT. AND THERE ARE DIFFERENT TYPES OF LOANS FOR POOR COUNTRIES WHICH ARE VERY CONCESSIONAL...
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| 00:03:05 |
Echevarria, Pedro - Host
TIME TOGETHER WILL BE LEARNING ABOUT MORE OF THE INNER WORKINGS OF THE WORLD BANK. IF YOU HAVE QUESTIONS ABOUT THE TYPE OF LOANS IT PROVIDES, THE TYPES...
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| 00:03:56 |
Dadush, Uri - Director
THE MOST RECOGNIZED FIGURES OF AMERICAN AND GLOBAL DIPLOMACY. HE USED TO BE THE U.S. TRADE REPRESENTATIVE, ALSO DEPUTY SECRETARY OF STATE. HE SPENT...
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| 00:05:11 |
Echevarria, Pedro - Host
HE HAVE TO LEAVE OR WAS THIS TOTALLY HIS CHOICE? GUEST: I'M NOT PRIVY
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| 00:05:17 |
Dadush, Uri - Director
TO THAT. BUT HE IS A REPUBLICAN APPOINTEE AFTER ALL AND WE HAVE A DEMOCRATIC ADMINISTRATION, AND SO IT'S NOT UNUSUAL AT THE END OF THE TERM. AND I THINK...
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| 00:05:42 |
Echevarria, Pedro - Host
TWITTER FOLKS WHEN YOU GAVE YOUR EXPLANATION OF THE WORLD BANK WEIGHED IN. 6 GUEST: THE WORLD BANK IS
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| 00:05:57 |
Dadush, Uri - Director
ABOUT LONG-TERM DEVELOPMENT. IT'S ABOUT EVERYTHING FROM INFRASTRUCTURE TO BUILDING SCHOOLS AND BUILDING HOSPITALS AND REFORMING POLICIES THAT CUT ...
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| 00:07:01 |
Echevarria, Pedro - Host
WORLD BANK IS LOCATED HERE IN WASHINGTON, D.C. WHY IS THAT? GUEST: BECAUSE IT
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| 00:07:08 |
Dadush, Uri - Director
ROSE FROM THE ASHES OF WORLD WAR II WHEN THE UNITED STATES EMERGED AS ABSOLUTELY THE DOMINANT ECONOMIC AND MILITARY POWER OF THE AGE. AND SO THE UNITED...
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| 00:07:56 |
Echevarria, Pedro - Host
IS FROM DETROIT, MICHIGAN. JOHN, REPUBLICAN LINE. GO AHEAD. YOU'RE ON WITH OUR GUEST. CALLER: GOOD MORNING. GUEST: YOU CAN CALL ME -- HOST: THAT'S
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| 00:08:10 |
Echevarria, Pedro - Host
FINE. I HAVE A QUESTION GENERALLY ABOUT THE AFRICAN -- THE CONTINENT OF AFRICA AND I'M WONDERING, IT SEEMS TO ME THAT AFRICA, IF IT WERE TO TAKE...
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| 00:09:05 |
Dadush, Uri - Director
OK. AGAIN, JUST BEAR IN MIND I NO LONGER WORK AT THE WORLD BANK. I AM WITH THE CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE. I USED TO WORK AT THE WORLD...
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| 00:10:56 |
Dadush, Uri - Director
IT DOES. THE BANK HAS ESSENTIALLY THREE MAIN OPS. IT HAS A PRIVATE SECTOR ARM WHICH LENDS AND TAKES EQUITY STAKES DIRECTLY IN COMPANIES. IN SECTORS...
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| 00:12:19 |
Echevarria, Pedro - Host
INDEPENDENT LINE, MATT. CALLER: I WOULD LIKE
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| 00:12:23 |
CALLER, -
TO GET YOUR COMMENT ON MAYBE THE WORLD BANK BEING USED FOR SOME NEVADA FARES PURPOSES MAYBE IN -- ANY FARES PURPOSES IN DEVELOPING COUNTRIES. I WOULD...
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| 00:12:44 |
Echevarria, Pedro - Host
YOUR SPECIFIC QUESTION? GUEST: IN THAT
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| 00:12:47 |
Dadush, Uri - Director
BOOK HE TEE SCRIBES INTELLIGENCE AGENCIES USING THE WORLD BANK AND OTHER INTERNATIONAL BANKING FUNDS TO PERHAPS NOT FOR THE INTEREST OF THE DEVELOPING...
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| 00:13:12 |
Dadush, Uri - Director
AN INFUSION OF SUBSTANTIAL AMOUNTS OF MONEY INTO AN ECONOMY THAT MONEY CAN BE USED IN DIFFERENT WAYS. ECONOMISTS LIKE TO SAY THAT MONEY IS IF YOU...
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| 00:14:49 |
Echevarria, Pedro - Host
THIS MORNING OFF OF TWITTER. GUEST: OK,
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| 00:14:58 |
Dadush, Uri - Director
THERE IS A PROCESS NOW THAT HAS BEEN AGREED BY THE EXECUTIVE BOARD OF DIRECTORS WHERE SOME COMMITTEE OF THE EXECUTIVE BOARD OF DIRECTORS WILL NOMINATE...
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| 00:16:33 |
Echevarria, Pedro - Host
NAMES THAT ARE ON THE LIST OF CONSIDERING NAMES FAMILIAR WITH OUR AUDIENCE. ONE OF THE PEOPLE ACTIVELY CAMPAIGNING IS A GENTLEMAN NAMED JEFFERY SACKS....
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| 00:17:03 |
Dadush, Uri - Director
MOST PROMINENT AND IMMINENT DEVELOPMENT ECONOMISTS TODAY. HE IS AN OUTSTANDING ECONOMIST. AND HE HAS MANAGED TWO VERY PRESTIGIOUS DEVELOPMENT CENTERS...
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| 00:17:47 |
Echevarria, Pedro - Host
ASKED OFF OF TWITTER, I DON'T KNOW IF YOU KNOW THE EXACT FIGURE. GUEST: I'M
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| 00:18:01 |
Dadush, Uri - Director
GOING TO GUESS IT'S ABOUT 100 COUNTRIES. THE WORLD BANK IS DIVIDED INTO PART ONE COUNTRIES, THE ADVANCED COUNTRIES, THE RICH COUNTRIES THAT ARE NOT CONTRIBUTORS...
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| 00:18:29 |
Echevarria, Pedro - Host
AND VOTING POWER, THE U.S. HOLDING ABOUT 16% OF THAT FIGURE FOLLOWED BY JAPAN, GERMANY, FRANCE, THE U.K. AND OTHERS. MONTANA, HELLO, GO AHEAD. CALLER:...
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| 00:18:44 |
CALLER, -
ACTUALLY I WANTED TO MAKE THE QUESTION A COMMENT. THE CURRENCY THE WORLD BANK USES, WHAT'S THE MAJOR CURRENCY IT USES. AND THE SECOND THING, IF...
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| 00:19:10 |
Dadush, Uri - Director
CURRENCY OF OPERATION OF THE WORLD BANK AND THE CURRENCY OF REFERENCE OF COURSE IS THE U.S. DOLLAR. AND MOST OF ITS LOANS ARE IN U.S. DOLLARS. BUT THE...
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| 00:19:56 |
Echevarria, Pedro - Host
ANGELES, CALIFORNIA. CALLER: GOOD
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| 00:19:59 |
CALLER, -
MORNING, I WANT TO ASK IF HE KNOWS WORLD BANK'S POLICIES ABOUT THE REQUIREMENTS TO OFFER A LOAN TO A COUNTRY, TO THE COUNTRY'S GOVERNMENT TO CONDUCT AUSTERITY...
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| 00:20:24 |
Dadush, Uri - Director
GENERAL, THAT IS NOT A REQUIREMENT. IT DEPENDS ON THE COUNTRY'S CIRCUMSTANCES. THE WORLD BANK IS ACTING AND LENDING TODAY TO CHINA, TO BRAZIL, RUSSIA,...
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| 00:22:32 |
Dadush, Uri - Director
IS VERY ACTIVE IN THOSE COUNTRIES. OBVIOUSLY THE RELATIONSHIP THAT THE WORLD BANK IS GOING TO HAVE WITH WORLD POWER LIKE BRAZIL OR CHINA IS GOING...
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| 00:23:46 |
Echevarria, Pedro - Host
STATEMENTS. YOU CAN ANSWER THEM AS YOU WISH. GUEST: I THINK THE WORLD
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| 00:24:00 |
Dadush, Uri - Director
BANK IS LESS CONTROVERSIAL THAN IT USED TO BE AND IT'S INEVITABLE THAT IT BRINGS ABOUT SOME CONTROVERSY BECAUSE IT PLAYS SUCH AN IMPORTANT ROLE NOT...
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| 00:25:55 |
Echevarria, Pedro - Host
AT THE CARNEGIE ENDOWMENT, FORMERLY SERVED AT THE WORLD BANK. ALSO THE AUTHOR OF JUGGERNAUT. TELL US A LITTLE BIT ABOUT THE BOOK. GUEST: THE BOOK
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| 00:26:08 |
Dadush, Uri - Director
REALLY IS ABOUT THE -- HOW THE RISE OF EMERGING MARKETS IS TRANSFORMING THE WORLD ECONOMY. AND HOW IT IS DOING THAT ACROSS EACH OF THE FOUR MAIN CHANNELS...
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| 00:27:09 |
CALLER, -
YOU PULLED A LITTLE BIT OF A SLIGHT OF HAND WHERE YOU PUSHED OFF THE STRUCTURAL ADJUSTMENT PROGRAMS THAT AFFECT INFRASTRUCTURE, REDUCING WASTE STRUCTURE...
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| 00:27:48 |
Dadush, Uri - Director
WELL, THERE'S NO DOUBT THAT PARTICULARLY IN THE INITIAL STAGES OF WHAT WAS CALLED STRUCTURAL ADJUSTMENT MISTAKES WERE MADE. THAT INADEQUATE ATTENTION...
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| 00:30:52 |
Echevarria, Pedro - Host
VIRGINIA. WE GO TO KEVIN ON OUR REPUBLICAN LINE. CALLER:
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| 00:31:01 |
CALLER, -
GOOD MORNING. I HAVE A QUESTION I'M GOING TO GET RIGHT TO THE POINT. YOU STATED THAT IT IS VERY IMPORTANT THAT WE END HUNGER IN AFRICA. AND ISN'T...
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| 00:31:26 |
Dadush, Uri - Director
ME WHAT EUGENICS IS. HOST: GO TO THE FIRST PART. GUEST: SO IS THERE ENOUGH
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| 00:31:37 |
Dadush, Uri - Director
MONEY IN THE WORLD TO END HUNGER IN AFRICA? ABSOLUTELY. YOU ACTUALLY DON'T NEED A LARGE AMOUNT OF MONEY TO END HUNGER IN AFRICA AND END HUNGER...
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| 00:33:55 |
Echevarria, Pedro - Host
AHEAD. JAMES, INDEPENDENT LINE.
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| 00:33:59 |
CALLER, -
CALLER: GOOD MORNING. I WAS WONDERING WITH THE FEDERAL RESERVE PRINTING ALL THIS MONEY THAT BECOMES WORTH LESS EVERY DAY AND WE'RE BAILING OUT GREECE...
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| 00:34:24 |
Dadush, Uri - Director
BANK IS NOT LENDING MONEY TO GREECE. THE WORLD BANK DOES NOT LEND MONEY TO HIGH INCOME COUNTRIES. NOW, AS FAR AS THE OIL BEING DENOMINATED IN DIFFERENT...
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| 00:36:06 |
Echevarria, Pedro - Host
ON OUR INDEPENDENT LINE. SUSAN, NEXT. CALLER: THANK YOU VERY
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| 00:36:12 |
CALLER, -
MUCH FOR TAKING MY CALL. I WANT TO CIRCLE BACK ON THE E-MAIL THAT THE COLLEGE STUDENT HAD SENT ASKING WHY THE WORLD BANK IS PERCEIVED SO CONTROVERSIAL....
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| 00:37:35 |
Dadush, Uri - Director
DOUBT THAT THE WORLD BANK HAS PAID HISTORICALLY VERY COMPETITIVE COMPENSATION PACKAGES FOR ITS EMPLOYEES. IT WAS NEVER TRUE THAT THEY BOUGHT HOUSE...
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| 00:38:01 |
Dadush, Uri - Director
COLLEGE EDUCATION. GOOD HEALTH BENEFITS. GOOD PENSIONS CAME. ET CETERA. NOW, TWO THINGS HERE. THE FIRST IS TO BEAR IN MIND THAT THE WORLD BANK'S WORK...
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| 00:40:21 |
Echevarria, Pedro - Host
HOST: AND I THINK WE HAVE TO LEAVE OUR DISCUSSION THERE. URI, THE OF THE CARNEGIE ENDOWMENT. THANK YOU FOR YOUR TIME. GUEST: THANK YOU VERY MUCH....
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| 00:40:34 |
Echevarria, Pedro - Host
PROGRAM WE'LL LOOK AT SUPER TUESDAY. DAVID MAKOVSKY WILL TALK ABOUT THE PRESIDENT'S SPEECH SUNDAY. YOU CAN WATCH THAT LIVE. THEN, NUKING WHICH WILL...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.