World Bank President Jim Yong Kim vowed to boost the lender’s contribution to easing the effects of climate change as part of a new goal to eliminate extreme poverty by 2030.
Helping mitigate shocks, including those caused by global warming, is one of the conditions needed to reach the poverty reduction target, Kim said in a speech at Georgetown University in Washington today. Also required is sustained fast growth in regions such as sub-Saharan Africaand reduced income inequality, he said.
“We are at an auspicious moment in history, when the successes of past decades and an increasingly favorable economic outlook combine to give developing countries a chance — for the first time ever — to end extreme poverty within a generation,” Kim said.
“Our duty now must be to ensure that these favorable circumstances are matched with clear decision making and resolute action to realize this historic opportunity,” he said.
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