World Bank economist visits International Economics and Finance Society
World Bank economist Onur Ozlu gave a presentation to members of the International Economics and Finance Society in Van Munching Hall last week.
Ozlu, an operations officer for the Africa region of the World Bank, began by giving an overview of the bank, and covered its 1950s origins to its current activities. After he covered the bank's chronology, Ozlu dove into the World Bank's present day focus: eliminating poverty across the world.
"In 2006, we did a survey around the world to try to understand what poverty is,"
Ozlu said. "It's not just a money problem."
Ozlu went on to describe that in order to fight poverty globally, the World Bank must address challenges associated with food scarcity, health, housing, education, jobs, security, water and giving people in developing nations a voice.
"For a lot of things we work on, we very much work on access," said Ozlu, who
added that the things impoverished people lack often exist but aren't accessible to them.
Touching on the World Bank's role as a multilateral organization, Ozlu discussed different partners the bank works with to accomplish its goals. He also mentioned the bank's funding, which includes international bond markets, donor commitments, repayments and trust funds.
In the presentation's conclusion, Ozlu predicted some statistics for the future. He said that in the next 20 years, 50 million people will enter the "rich world," while 1.5 billion will fall into the "poor world."
"This is threatening for global peace and security which is why we do our work at
the bank," said Ozlu.
Before leaving, Ozlu answered students' questions, which ranged in topic from nation-building, to debts, to projects that Ozlu is working on in Africa.
Get Top Stories Delivered Weekly
Recent The Munch News Articles
Discuss This Article
GET TOP STORIES DELIVERED WEEKLY
FOLLOW OUR NEWSPAPER
LATEST THE MUNCH NEWS
RECENT THE MUNCH CLASSIFIEDS
FROM AROUND THE WEB
- The Importance of Protecting Patents
- Zulily Helps Moms Navigate the "Fourth Trimester" in Style
- Veteran Raises Capital Via Alternative Financing
- Stop Pests This Spring With These Safe, Simple Steps
- Have a Blast This Spring Break With These Must-Have...
- Seniors Find That Doing Good Is Good For You
- University Students Take Top Honors at CME Group's Annual...
- Telecom and Cloud Service Options Expand in Africa
- Depression Sufferers Find Hope With New Sound Technology
- Going With Your Gut -- Virtual Colonoscopy Simplifies...
COLLEGE PRESS RELEASES
- Deadline Approaching for Phi Kappa Phi Award Programs
- Applications Available for Phi Kappa Phi Student Leadership Summit
- GREEN AMERICA: ONE MILLION TREES COULD BE SAVED EACH YEAR IF UNIVERSITIES SWITCHED TO ONLY RECYCLED PAPER FOR ALUMNI MAGAZINES
- Deadline Approaching for the Phi Kappa Phi Fellowship Program
- Entries Are Open for 9th Annual SVG/NACDA College Sports Media Awards