On April 2, President of the World Bank Group Jim Yong Kim gave a speech at Georgetown University outlining the goals and actions the world must to take to reach the 2030 Millennial Development Goals and eliminate global poverty. The President encouraged listeners to “seize the opportunity to end extreme poverty” because the goal is “within our grasp.”
Amid various challenges that threaten the elimination of poverty, such as inequality, global climate change, and an increasing number of natural disasters, Kim remains hopeful. However, to ensure that progress continues, he believes that we must change the way we work together. Kim outlined two lessons learned in the last decades of poverty reduction. By accelerating the end of extreme poverty and boosting shared prosperity, he believes that poverty can be reduced below 3% within the next generation of activists. The role of the World Bank Group becomes critical in reducing and eliminating world poverty as it encourages the cohesion of these two lessons through its mission and focuses on equity. “We must collectively work to help all vulnerable people everywhere lift themselves well above the poverty line,” said Kim.
While working together is essential, Kim outlined four roles that the World Bank Group will play in reducing poverty. Identifying worthy projects, closely monitoring these projects, conveying advocacy to policymakers, and working with partners to share knowledge are essential aspects to making progress and meeting the Millennial Development Goals.
In closing, Kim noted that April 5 marked 1,000 days to execute the Millennial Development Goals. While he acknowledged the challenges that poverty reduction faces, he remained confident that these goals and the ultimate elimination of poverty are within grasp. To view the transcript of Kim’s speech, visit The World Bank website.
– Kira Maixner