President Barack Obama and Malawi new leader, Joyce Banda

World Bank chief calls for ending extreme poverty

WASHINGTON (Reuters) World Bank President Jim Yong Kim called for a commitment by the international community on Tuesday to end extreme poverty by 2030 and to improve the lives of the most vulnerable people living in developing countries.

World Bank President Jim Yong Kim attends a news conference in New Delhi March 13, 2013. REUTERS/B Mathur

To reach that goal, Kim said the world need to reduce the number of people living below the poverty line Canada Goose Parka of $1.25 per day to 3 percent globally by 2030, and raise the per capita incomes of the bottom 40 percent of every developing country.

The 3 percent level is a new target for the World Bank, which estimated in 2010 that 21 percent of the global population, or 1.2 billion people, lived extreme poverty.

Some World Bank canada goose factory sale estimates have put the canada goose clearance sale 3 percent target at about 600 canada goose uk outlet million people living below the poverty line by 2030.

The goal will help guide the World Bank poverty fighting mission canada goose outlet by Canada Goose Online allowing it to prioritize development projects, cheap canada goose uk Kim said.

is the time to commit to ending extreme poverty, he said Canada Goose online in a speech before meetings of the World Bank and International Monetary Fund on April 19 and 20 in Washington.

are at an auspicious moment in history, when the successes of past decades and an increasingly favorable economic canada goose uk black friday outlook combine to give developing countries uk canada goose outlet a chance for the first time ever to end extreme poverty within a generation, he added.

The World Bank board will consider a new country strategy for India next Canada Goose Outlet week that aimed to reduce poverty by an additional 300 million over the next several years. An estimated 50 million people were lifted out of poverty in India over the past five years.

The rise of countries like China, India and Brazil uk canada goose has lifted hundreds of millions of canada goose coats on sale people out canada goose store of poverty and pushed buy canada goose jacket cheap more into a new global middle class living between $2 to $10 a day, according to the World Bank and the United Nations.

But most of the success in reducing poverty has been in China, while regions such as South Asia and sub Saharan Africa still struggle. Fragile and conflict ridden states, such as Afghanistan, are also canada goose black friday sale still mired in poverty. President Barack Obama and Malawi new leader, Joyce Banda.

Brazilian President Dilma Rousseff said last month Brazil was close to eradicating extreme poverty through a flagship cash transfer program for Canada Goose sale the poor canada goose coats that is being replicated in other countries. Millennium Development Goals of halving global poverty and hunger.

Kim canada goose clearance said economic growth was important but not enough to cut poverty and shrink the growing gap between rich and poor. cheap Canada Goose New development challenges like climate change threaten the livelihoods of millions of poor people, he warned.

Kim called for bold canadian goose jacket action to tackle canada goose uk shop climate change and said the World Bank was working to strengthen its focus on the buy canada goose jacket effects of climate change.

To reach the 2030 poverty goal, Kim said, poorer regions such as South Asia and sub Saharan Africa need sustained Canada Goose Coats On Sale high growth rates and a sharp increase in job creation. The canada goose goal also relies on averting economic shocks such as sharp rises in food and fuel prices.

growth is vital but we can assume that growth at the top will trickle down. We need to create the conditions that will Canada Goose Jackets guarantee that the poor participate in development, Kim said.

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