More than one billion people around the world live in extreme poverty, and World Bank President Jim Yong Kim is determined to change that. He is asking the bank’s member nations for more resources to help the poorest people.
Kim says the deepest poverty can be eliminated by 2030.
“Is there anyone who has lived on less than $1.25 a day who would not join me here today in telling you that it is time to end extreme poverty," he asked.
Economists say global economic growth will help the poor and make it easier for the world's 200 million unemployed to find work.
IMF Chief Christine Lagarde says overall growth is getting better.
“The economic world no longer looks quite as dangerous as it did none months ago," she said.
But growth will still be tepid, she warns, especially in wealthy developed nations. She says it could be hurt by ill-considered cuts in government budgets and economic stimulus efforts, or further disruptions in Europe.
The United States and Western Europe are traditionally give the most money and provide the top leaders to the IMF and World Bank. So stalled growth hurts international financial institutions.
1.reallocate v. 重新分配；再指派
Other areas are to lose aid so that money can be reallocated to towns devastated by pit closures.
2.emerging adj. 新兴的；出现的；形成的
The newly emerging forces are bound to defeat what is corrupt and degenerate.
3.tepid adj. 微温的，温热的；不太热烈的；不热情的
The critics's reaction to the film was rather tepid.
4.ill-considered adj. 考虑不充分的，欠考虑的；不妥当的
He made some ill-considered remarks about the cost.
5.stimulus n. 刺激；激励；刺激物
Regard each failure as a stimulus to further efforts.