YEREVAN, April 3. / ARKA /. Calling for ambitious new goals to help the most vulnerable, World Bank Group President Jim Yong Kim  outlined a bold agenda for the global community toward ending extreme poverty by 2030 and promoting shared prosperity to boost the incomes of the poorest 40 percent of the population in each country, Yerevan WB Office 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 in a speech at Georgetown University. “Our duty now must be to ensure that these favorable circumstances are matched with deliberate decisions to realize this historic opportunity.”

Speaking in advance of the upcoming World Bank/IMF Spring Meetings, Kim observed that developing economies rebounded quickly from the crisis and are now in a fundamentally sound position, thanks to greater macroeconomic stability, a stronger rule of law, and increased investments in human capital and infrastructure.  Productivity growth in the private sector, the source of 90 percent of all jobs, is high.

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