World Bank: Nations can learn from China’s poverty relief

  • AseanPlus News
  • Friday, 18 Oct 2019

BEIJING: China’s expertise in poverty relief offers lessons for developing countries as the world faces an uphill struggle to eliminate extreme poverty globally by 2030, a World Bank official said.

Borrowing from China’s expertise on that front is crucial as the world lags behind in achieving the United Nation’s goal of eliminating global poverty by 2030, according to Victoria Kwakwa, the World Bank’s vice-president for the East Asia and Pacific Region on Wednesday.

Kwakwa said China has contributed significantly to the world’s poverty reduction from the 1980s to today, with three quarters of those shaking off poverty worldwide during that period coming from China.

She said the progress globally has been “uneven”, and worsening global growth dims the hope of accomplishing the 2030 goal on schedule.

“This is why working with successful countries such as China allows the World Bank Group to build its own knowledge and capabilities and to transfer development lessons to other countries,” she said.

She was addressing the 2019 China Poverty Reduction International Forum through a recorded speech, which was attended by more than 200 officials, scholars and business representatives from 13 international organisations and 30 countries.

Nicholas Rosellini, UN resident coordinator, said at the event that China has contributed immensely to realising the first target of the UN’s Millennium Development Goals, which is to halve the impoverished population globally.

Rosellini noted that China’s poverty headcount ratio fell from 66.2% in 1990 to nearly zero as of 2015, measured by the global poverty line of US$1.9 (RM7.9) per day.

During the 25-year period, over 600 million people rose out of poverty mostly because of its highly inclusive economic growth and government development programmes. — China Daily/ANN

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