The new World Bank president says: in every 10 extremely poor people, 9 are Africans
World Bank’s new President David Malpass has said that by 2030, nearly 9 in 10 extremely poor people will be Africans, and half of the world’s poor will be living in fragile and conflict-affected settings.
According to a statement from the Bank on Friday, Mr Malpass stated this during a news conference where he pointed out that he would be making his first foreign trip to sub-Saharan Africa to highlight his vision for the bank’s poverty reduction and development agenda.
Mr Malpass was quoted as saying that Africa was a key priority for the bank, due to its high concentration of the world’s poorest people.
Mr Malpass, who was the Treasury’s undersecretary for international affairs, is a longtime critic of China’s Belt and Road lending practices and had worked to raise alarms about them with G7 and G20 countries in that role.
Below is what people are saying about the statement of new World Bank President.
Africa level of poverty can never be more than that of Asia and Latin America you are entitled to your opinion
Then who’s the remaining one?
In the midst of abundant natural endowment and resources. The fault is not in our Stars, but in our reckless, selfish and vision less politicians bereft of any enduring leadership qualities to move Africa forward.
What is the way out to assist African?
An unequal economic relationship between the developed countries and undeveloped countries led to positive development for the former and negative development for the latter.
It’s a big lie,all the 10 are Africans.
Always we h’ve poor-mind leaders, so it could be worst morethan that.
Yes its true, the simple reason is that, the elites ship all our money across the sea, that’s the main reason of our poverty.