The
World Bank President, Jim Yong Kim has said boosting shared prosperity for the
lowest 40 per cent of income earners in developing countries will improve the
lives of all members of society.
“Our
goal of boosting shared prosperity will be achieved by raising incomes,
creating jobs, educating children and providing all with access to food, water
and health care,” Kim said in a speech presented ahead of the IMF-World Bank
Group Annual Meetings to students and faculty at Howard University on Wednesday.
“By
doing so, we will grow our wealth and nurture our humanity.”
The
president stressed the need to help low-income countries grow their economies.
In
the last four years alone, high growth rates in China and India have meant that
233 million people no longer live in poverty.
But
poorest people in these countries must
