CHRISTINE LAGARDE: “If you look at, for instance, the emerging markets. They too have to address some of their issues. They too have to be very attentive to a volatile market situation. And that means, for some of these emerging markets, refocusing on their domestic growth.”

Miz Lagarde said emerging markets need to work toward growth and building demand. But that requires resources.

Two issues are access to banks and safety nets. The World Bank says three fourths of the poor have no access to banks. That means no savings in their communities to finance growth. The problem is greater for women. Poor women are twenty-eight percent less likely to have bank accounts than poor men.

Social programs are also needed. Sixty percent of the developing world cannot depend on social programs to protect citizens from hunger or provide services in crises. As a result, experts have called for “safety nets.”

ROBERT ZOELLICK: “And for the poorest, let’s focus on basic safety nets for every country to deal with the volatility and uncertainty because the other lesson we learned is if you wait until a crisis, its too late.”

And rich nations have a lot to learn from developing ones. Mister Zoellick said programs in Brazil and Mexico are not costly, but help millions.

Finally this week, the World Bank Group welcomed its newest member: South Sudan. The nation received its first grant of nine million dollars. The money is to help create jobs and provide financial services.