The mood was light-hearted and lively as World Bank Group President Jim Yong Kim traded jokes with CNN’s Richard Quest in an early morning, no-holds-barred interview before a live and online audience from around the world. But Kim soon turned serious about a new target the world must meet on the road to effectively ending extreme poverty by 2030 — cutting it from 18% percent today to half that by 2020.
Donna Barne's blog
Can the world cut poverty in half by 2020? In a webcast interview with CNN’s Richard Quest, World Bank Group President Jim Yong Kim called for reducing extreme poverty to single digits in just seven years. The Bank Group will work with countries and the international community to reduce the number of people living under $1.25 a day to 9% of the global population, down from 18% today. The 2020 target would be an interim step on the way to cutting extreme poverty to 3% by 2030 — a goal approved last spring by the Bank Group’s 188 shareholders. Read more: Blog, Release.
Can countries tackle climate change and still grow? Yes, say the leaders of the World Bank Group and International Monetary Fund – and the need to do so is urgent.
Bank Group President Jim Yong Kim and IMF Managing Director Christine Lagarde weighed in on development and climate change in their first public discourse together on the topic, ahead of Annual Meetings with finance and development leaders this week.
The message draped across the World Bank’s Washington headquarters proclaims a noble goal – End Poverty. But how can the world achieve it? Later this week, finance and development ministers from 188 countries will weigh in on the World Bank Group’s plan to reorganize and modernize in pursuit of the goal. A new strategy paper describes how data, knowledge, financing, and talent will be leveraged to help end extreme poverty by 2030 and to ensure prosperity is more widely shared throughout society. World Bank Group President Jim Yong Kim, Chief Economist Kaushik Basu, and many other speakers will have more to say on these topics at events this week. See a schedule.
The global economy, climate change, and a new World Bank Group strategy to tackle extreme poverty will be hot topics next week. That’s when nearly 10,000 delegates, journalists and civil society representatives gather at the World Bank-IMF Annual Meetings. But you don’t have to be in Washington to take in 38 World Bank Group events that will be webcast Oct. 8-12. Several will be live-blogged or live-tweeted in multiple languages. You can also follow the conversation on Twitter with #wblive and other hashtags connected to events. We’ve compiled a sampling of events and hashtags below. Check out the full schedule or download the first-ever Annual Meetings app for Apple devices and Android smartphones.
“We have a fantastic opportunity to work together,” Dr. Kim told hundreds of investors at the 15th Annual Global Private Equity Conference, hosted by the Bank Group’s private sector arm IFC and the Emerging Markets Private Equity Association (EMPEA).
“…Private equity is going to play a critical role in whether or not we can truly have high aspirations for the 1.2 billion people living in absolute poverty in the world,” he said in a speech that was liveblogged and followed on Twitter with #wblive and #GPEC2013.
April 15, 2013--The private sector could play a key role in ending extreme poverty by 2030 by gathering high quality data and evidence of entrepreneurial impact in developing countries, speakers said at a conference organized by IFC and the Bill & Melinda Gates Foundation ahead of the World Bank-IMF Spring Meetings.
World Bank Group President Jim Yong Kim and IFC CEO Jin-Yong Cai of the Bank Group’s private sector arm called the private sector an invaluable ally in a plan to reduce global extreme poverty to 3% by 2030, and foster income growth of the bottom 40% of the population in every country. Those targets will be proposed to the World Bank’s Board of Governors this weekend.
“There is no way that we’ll get there without a robust private sector that is creating the jobs that are critical to lifting people out of poverty,” said Dr. Kim at The Private Sector and Ending Poverty conference.
“The extent to which we commit to working with the private sector to foster growth will determine how ambitious we can be for the poorest people in the world.”
The event, attended by a cross-section of private sector companies, academics, think tanks, and foundations, was watched in Pakistan, Ghana, Albania, Venezuela and Colombia, among other countries, and followed on Twitter with #Results4Impact and #wblive.
Find a good longread on development? Tweet it to @worldbank with the hashtag #longreads.
China’s prospects stirred interest as the BRICs met in South Africa and a new survey by the Organization for Economic Co-operation and Development found China on course to become the world’s largest economy by 2016. The OECD study says China has “weathered the global economic and financial crisis of the past five years better than virtually any OECD country” and should be able to continue catching up and improving living standards over the next decade. While the OECD study says China needs to shift to more environmentally friendly modes of consumption and production, a new Climate Institute/GE Low-Carbon Competitiveness Index finds that France, Japan, China, South Korea and the United Kingdom are “currently best positioned to prosper in the global low-carbon economy.”