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World poverty

November 2015

A billion people globally have been lifted out of poverty, the president of the World Bank Group, Jim Yong Kim, has revealed.

Speaking at the 70th Session of the United Nations General Assembly, in New York City, he welcomed the agreement to adopt the Agenda 2030 for Sustainable Development.

He said, ‘The agenda’s goals and targets represent our commitment to a more ambitious agenda for international development in the next 15 years. They reflect our dream for a world in which everyone, everywhere can reach their full potential. And they seek to preserve our planet for all future generations’.

He highlighted earlier pledges in which the multilateral development banks announced their plans to provide financial support of more than $400 billion dollars for the first three years of the 2030 agenda for sustainable development.

In addition, the World Bank and the IMF have launched a joint initiative to strengthen tax systems in developing countries. The aim is to assist lower income countries to increase their taxes by at least 2-4 per cent of GDP.

He added: ‘For too long, our low aspirations for the poor have often turned out to be their worst enemy. We have not been bold enough in helping them lift themselves out of misery.

‘The poverty of our imagination has prevented us from building a more just and more prosperous world. But the Sustainable Development Goals give us an agenda that is more ambitious than any before it.

‘I believe we are up to the task. Over the past 15 years, close to 1 billion people have lifted themselves out of extreme poverty’.

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