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Article

11 Jun 2013

Author:
Bertran Marotte, Globe and Mail (Canada)

World Bank chief calls on Canadian private sector to alleviate poverty

World Bank president Jim Yong Kim is calling on Canadian companies to help reduce extreme poverty by making more investments in the developing world. Development assistance alone can’t do the job of wiping out chronic poverty and the private sector has much to gain from boosting its presence in struggling countries, [he said]...Dr. Kim has set an ambitious goal of eliminating severe poverty in the world by 2030. “We cannot reach our goal without the private sector,” he said..."[T]his [is]...an extraordinary opportunity to do well and to do good at the same time.”...“We at the World Bank are ready to be the best possible partner to all of you for investment in developing countries,” he told the annual gathering of officials, investors and executives hosted by the International Economic Forum of the Americas.