professor at the eliot school. and you have just asked politicians to be incredibly brave and not think about narrow reelection and to not think about power status, but to really push forward into the future. how are you going to give them incentives and bravery to follow through with changing architecture and those ways? >> , i think the policy can also be good politics. but we give you an analogy. the dean mentioned a little over 20 years ago i represent the united states. i thought about that as you consider the events of the year rose own today, because chancellor kohl was the chancellor of germany as that time and the founder of the monetary union. he had a phrase to use that i've always liked. it is the sign of a statesman is someone who recognizes fate as she rushes past. it is the notion that part of a good politician rising to the states person is someone that is astute enough to recognize the moment of the time and move with it. if you go back to 1989 there are a lot of voices in germany that said it was

. >> i'm a professor in the eliot school. and i would like to school -- >> what's your discipline?nal development studies. could you talk about how you see the world bank restructuring itself and the policies that it's promoting in order to enable the achievement of your vision? >> well, i think the starting point is to recognize that while we are called bank, that our prime mare purpose is not -- primary purpose is not financial. as i alluded to, when the world bank group as an institution and we have private sector and public sector arms, it is able to combine three activities. able to take knowledge, learning and experience. and be able to customize and help people come up with solutions. second, what zwishes us from the -- distinguishes us from the university and we can come up with a variety of different innovative forms of doing that. and our asset management preparation, private investment as well as public sector insurance and guarantees and other contingent arrangements, but third, we have done, say, almost $200 billion of commitments since the start of the financial crisi