World Bank committed to deal with poverty around the world : Jim Yong Kim

KARACHI : President World Bank Jim Yong Kim has reiterated the organization’s goal of tackling the extreme poverty, inequality besides improving the lot of the underprivileged people around the world.

He was addressing the students at the Institute of Business Administration (IBA) Karachi at its City Campus on Wednesday.

The address was streamed through video link to the students of around 75 universities in the country.

The World Bank President also termed the students as the future of the country and asked them to also pay attention towards skill development, familiarization with finance so as to help spur process of development.

Jim Yong Kim said about 40 percent of Pakistan’s population is young and after the completion of their studies they would enter job markets. They should come up with entrepreneurial skills as well so that they may create opportunities for themselves as well as assist other people.

He also declared that one of the goals being pursued by the World Bank is to tackle the issue of inequality around the world to lift the people out of poverty. Organization with some 188 members countries extends technical assistance and financing to enable them to take decisions to tackle their issues.

Jim Yong Kim said that the World Bank also serve the low income countries and the poor people. The Bank also make available substantial financial assistance to the countries to help meet their development needs.

The investment in people contributes to the real growth especially in the realms of education and health. Jim Yong Kim said that there are some 2,000 Ph.Ds. at the World Bank whom he described at delivery scientists engaged in solution of the problems faced by the people around the globe.

Replying to a question, he said that for enhancing its power generation needs, Pakistan may turn to solar option as this would help provide electricity in the far flung areas as well.

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