Private Sector Involvement, Measuring Results Are Key To Ending Poverty

Noting two global development goals recently proposed by World Bank President Jim Kim — “to end extreme poverty, with a target reduce the global extreme poverty rate to three percent by 2030” and “to promote shared prosperity, fostering income growth of the bottom 40 percent of the population in every country” — Nigel Twose, director of International Finance Corporation’s (IFC) newly created development impact department, writes in the Bill & Melinda Gates Foundation’s “Impatient Optimists” blog, “While many threats remain — including, most notably, the risk that climate change will reverse past gains — today many developing countries can realistically aspire to end extreme poverty within a generation.” Twose says private sector involvement will be critical to achieving the goals, and a “major part” of encouraging their involvement “lies in measuring results effectively.” A short conference took place on Monday discussing private sector involvement in ending poverty, and an archived webcast of the event will be available online, he notes (4/15).

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