World Bank President Calls For A World Free Of Poverty

buy information pills geneva;”>“We are at an auspicious moment in history when the successes of past decades and an increasingly favorable economic outlook combine to give developing countries a chance – for the first time ever – to end extreme poverty within a generation, ” he said.

Kim said this while addressing a congregation at Georgetown University in Washington DC in advance of the upcoming World Bank/IMF Spring Meetings.

He outlined a bold agenda for the global community toward ending extreme poverty by 2030 and promoting shared prosperity to boost the incomes of the poorest 40 percent of the population in each country.

“Our duty now must be to ensure that these favorable circumstances are matched with deliberate decisions to realize this historic opportunity,” he added.


Kim noted that the first Millennium Development Goal (MDG), to halve extreme poverty, was achieved in 2010, five years ahead of time, after developing countries spent years investing in social safety nets and working hard to build the fiscal space and create the macroeconomic buffers to respond effectively if a crisis hit.

He said to eliminate the poverty, some necessary factors have to be put in place; to accelerate the growth rate observed over the past 15 years and in particular sustained high growth in South Asia and Sub-Saharan Africa, enhance inclusiveness and curb inequality and lastly to avert or mitigate the potential shocks.

“Recently a number of courageous politicians have committed to ending poverty in their countries, including Dilma Rousseff in Brazil and Joyce Banda in Malawi. Similarly, US President Barack Obama and UK Prime Minister David Cameron endorsed the vision of ending extreme poverty globally. These bold calls demand action,” said Kim.

He also pointed out that the date of 2030 is highly ambitious: To reach the 2030 goal, we must halve poverty once, then halve it again, and then nearly halve it a third time—all in less than one generation.”

Kim asserted that to meet global challenges, fighting extreme poverty alone is not enough: “We must collectively work to help all vulnerable people everywhere lift themselves well above the poverty line. At the World Bank Group we call this boosting shared prosperity.”

Though the World Bank Group’s efforts are especially focused on the countries with the fewest resources, Kim stated that the Bank Group’s work is not just in poor countries, and he called for the Bank and its partners to work toward the second goal of boosting the incomes of the poorest 40 percent of the population in each country.

“Our work is in any country where there are poor people, or where people face economic exclusion. This goal will ensure we address the priorities of equity and inclusion more systematically in all of our strategic decision-making,” said Kim.

Kim strongly asserted ways how World Bank Group will help achieve all this.

“First, we will use these goals to help us choose among competing priorities, as we identify the projects where we can have the most transformative impact.

Second, we will closely monitor and observe progress toward these goals, and will report annually on what has been achieved and where gaps remain. Third, we will use our convening and advocacy power to continually remind policymakers and the international community what it will take to realize these goals.

Fourth, and perhaps most importantly, we will work with our partners to share knowledge on solutions to end poverty and promote shared prosperity.”

Kim noted that Friday, April 5 marks 1,000 days until the end of 2015, the deadline for achieving the MDGs, and while progress on the MDGs has been impressive, it remains uneven across populations and sectors. Kim called on the global community to use these last 1,000 days to redouble efforts in areas where there have not been strong enough advances.

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