IslamicFinance.de

Ahead of the World Bank's annual meeting, president Jim Yong Kim will set out his vision for ending extreme poverty by 2030 and boosting shared prosperity. He will speak about the links between growth, poverty and inequality, the changing face of poverty, and the role the World Bank Group. Following an introduction by the host of the meeting, Strobe Talbott, Jim Yong Kim will deliver his speech, then will engage in a conversation with Kemal Dervi?, vice president and director for the Global Economy and Development program at Brookings. Questions and answers will be fielded at the conclusion.

The number of people living in extreme poverty has been cut by more than half in less than three decades, President of the World Bank Group Jim Yong Kim has said. He gave a speech on ‘Ending Extreme Poverty by 2030: The Final Push’ at the Center for Strategic and International Studies, Washington, D.C., United States. Despite the massive global migration to urban areas, 70 percent of the world’s extreme poor still live in rural villages, he added. They are mostly farmers or work in informal jobs – providing services to rural populations. The WB's experience in China shows that, in poorer economies, growth in agriculture is four times more powerful in lifting people out of poverty than growth in manufacturing and services.