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World Bank Must Take Bold Steps to Help End Poverty, says President Kim

With more than a billion people in the world living on less than $1.25 per day, World Bank Group President Jim Yong Kim today said that extreme poverty was "the defining moral issue of our time," and he described how a new World Bank Group strategy would realign the global institution to help end poverty by 2030 and boost shared prosperity. Speaking at George Washington University on the eve of the World Bank Group/IMF Annual Meetings, Kim said the Bank must be bold and not be afraid to take "smart risks" to support projects that have the potential to transform a country or a region.