Countries must promote strong economic growth, invest in their people and build safety nets to ensure people don’t remain trapped in poverty, World Bank Group President Jim Yong Kim told journalists in Washington on Thursday. He was speaking at the opening press conference for the World Bank Group and IMF’s annual Spring Meetings.
1- We must promote strong economic growth
2- Countries must invest in people, specially in education and health
3- Countries must build social safety nets, both against natural disasters and pandemics, to ensure people do not remain trapped in extreme poverty
- - Global Growth is expected to be 3% this year
- - Prospects for developing countries continue to be downgraded by 4%
- - Developing countries should take comprehensive structural reforms to promote growth
- - 70% of the world´s poor live in oil importing countries, so lower prices will have a benefit impact on growth
- - The majority of household poor countries are net food buyers, and will benefit from lower food prices
- - Lower oil prices will hurt some of the very poorest who tend to be net food shelvers, falling food prices will reduce their income
- - About 70% of the world´s poorest live in rural areas
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