{"id":8792,"date":"2016-10-04T14:16:03","date_gmt":"2016-10-04T13:16:03","guid":{"rendered":"http:\/\/nationalwire.com.ng\/?p=8792"},"modified":"2016-10-04T14:16:03","modified_gmt":"2016-10-04T13:16:03","slug":"extreme-poverty-to-end-by-2030-world-bank","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/extreme-poverty-to-end-by-2030-world-bank\/","title":{"rendered":"Extreme poverty to end by 2030 -World Bank"},"content":{"rendered":"

\"world-bank55\"<\/a><\/p>\n

Extreme poverty to end by 2030 -World Bank<\/strong><\/p>\n

Friday Ekeoba
\nWith the increase in global economic contraption, the World Bank\u2019s Group President Jim Kim has said that the bank was determined to boost shared prosperity to end extreme poverty by 2030.<\/p>\n

Kim said this at the Brooking Institutions on the eve of the World Bank\/IMF Annual meeting in Washington DC on Tuesday. The Theme of the conference is \u201cWe can end poverty together.\u2019\u2019<\/p>\n

Nigeria alongside other frontier economies are having a worst economic posture in the recent times, owning to huge depletion in the prices of oil in the international market.<\/p>\n

Kim said a new World Bank survey showed how income inequality among peoples had decreased, and inequality within nations had fallen in many countries, both rich and poor.<\/p>\n

\u201cToday\u2019s report identifies strategies to address inequality that even the poorest nations can adopt whether through conditional cash transfers, connecting farmers to markets or rural electrification. \u201cThe lesson is that inequality is not an unsolvable mystery. Pro-equality policies are not luxury goods and can work in any country.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cEnding extreme poverty and boosting shared prosperity is our bottom line. We will achieve these goals in three ways: \u201cFirstly, accelerating inclusive and sustainable economic growth, investing in human capital, and by fostering resilience to global shocks and threats.\u2019\u2019<\/p>\n

Kim said to end poverty, massive infrastructure and no matter how much money the bank and other international organisations were investing would never be enough to bridging that gap. He said that in recent years, the demand for infrastructure investment had far outstripped available resources.<\/p>\n

He said that according to a World Bank survey, about 1.2 billion people in the world do not have electricity. \u201cAt least 660 million people lack access to safe drinking water; about one billion people in low-income countries lack access to an all-weather road.<\/p>\n

\u201cWhile more than three billion people now have access to the internet, still, more than four billion people do not have access. \u201cIt is estimated that emerging markets and low-income countries face an annual gap of up to $1.5 trillion dollars a year in infrastructure finance\u201d, he said.<\/p>\n

Kim said to address this and substantially boost global economic growth, the bank would create opportunities for public private partnerships in emerging markets.<\/p>\n

About 3000 delegates from member countries and aspiring member countries are expected to attend the meeting which would take place from Oct 7 to 9. A high powered delegation from Nigeria, led by Finance Minister, Mrs Kemi Adeosun, CBN Governor, Mr Godwin Emefiele and stakeholders would attend the meeting<\/p>\n","protected":false},"excerpt":{"rendered":"

Extreme poverty to end by 2030 -World Bank Friday Ekeoba With the increase in global economic contraption, the World Bank\u2019s Group President Jim Kim has said that the bank was determined to boost shared prosperity to end extreme poverty by 2030. Kim said this at the Brooking Institutions on the eve of the World Bank\/IMF …<\/p>\n","protected":false},"author":11,"featured_media":8513,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17,624],"tags":[36,1049,631,486],"coauthors":[2392,2393],"class_list":["post-8792","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","category-politics","tag-cbn","tag-jim-kim","tag-kemi-adeosun","tag-world-bank"],"yoast_head":"\nExtreme poverty to end by 2030 -World Bank - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/extreme-poverty-to-end-by-2030-world-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Extreme poverty to end by 2030 -World Bank - National Wire\" \/>\n<meta property=\"og:description\" content=\"Extreme poverty to end by 2030 -World Bank Friday Ekeoba With the increase in global economic contraption, the World Bank\u2019s Group President Jim Kim has said that the bank was determined to boost shared prosperity to end extreme poverty by 2030. 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