James Wolfensohn
James Wolfensohn

You can't compete globally unless you have appropriate communication skills.

James Wolfensohn
James Wolfensohn

If you enter the World Bank office in Washington, D.C., you will see written on the left wall, 'The purpose of the World Bank is to fight poverty with passion.' I had it put up there because I wanted something that unites us as an institution.

James Wolfensohn
James Wolfensohn

The poor people of the world tend to be the places that al-Qaeda and other terrorist groups can recruit.

James Wolfensohn
James Wolfensohn

Well the specific role of the World Bank is to be ready with financial assistance immediately after this emergency takes place because you need to reconnect water, you need to reconnect power, you need roads, you need bridges, and that has to be done urgently.

James Wolfensohn
James Wolfensohn

When I travel, I make certain that I spend at least half of my time in the field. You have to get out to meet people that are in poverty, that are looking to improve their lives. That's something that you can't read in books.

James Wolfensohn
James Wolfensohn

In a democracy, you can be right and still lose power.

James Wolfensohn
James Wolfensohn

Many people of my generation grew up in developed countries thinking that the world was divided into two parts and that there was a wall round the developed world. They thought that poor people had no relevance to us. What happened on September 11 was that anybody who thought there was a wall now knows that there is no wall.

James Wolfensohn
James Wolfensohn

I think that so-called capitalism and trade is a very important element in giving people opportunity.

James Wolfensohn
James Wolfensohn

But when someone is on a winning horse, and everything looks wonderful, it's very hard as an outsider to persuade them something is wrong.

James Wolfensohn
James Wolfensohn

I was deeply concerned then, and have become more concerned since, that unless we can deal with the questions of development and the questions of poverty, there's no way that we're going to have a peaceful world for our children.

James Wolfensohn
James Wolfensohn

If you have Palestinians who have no hope, who don't have a job, who've used up all their resources, the notion of getting rid of violence is a dream.

James Wolfensohn
James Wolfensohn

As you look at the flow of Muslim fundamentalism, or fundamentalism in various areas and various religions, they all play on the people who have very little.

James Wolfensohn
James Wolfensohn

We have three billion people, half the world's population today, living on less than two dollars a day.

James Wolfensohn
James Wolfensohn

So the first thing you need to do about conflict is to prevent it, and the best way of preventing it is by dealing with the question of poverty.

James Wolfensohn
James Wolfensohn

The notion of the world as a village is becoming a reality.

James Wolfensohn
James Wolfensohn

You can't wish away poverty overnight.

James Wolfensohn
James Wolfensohn

The only way really to influence countries, in terms of poverty, is to get them to change their policies and get them to understand what the issues are.

James Wolfensohn
James Wolfensohn

You don't succeed on corruption in five minutes. I wish one could.

James Wolfensohn
James Wolfensohn

China never borrowed less than $3 billion a year during my tenure. They were the most significant client. They used the Bank not just for money but for the know-how.

James Wolfensohn
James Wolfensohn

The Bank had never used the word 'corruption' at all until I got there, and the reason for that was, as the general counsel pointed out to me, that quite a number of our shareholders represented were not immune from corruption in their governments.