By Jim Yong Kim
For a very long time, the rich have known to some extent how the poor around the world live. What’s new in today's world is that the best-kept secret from the poor, namely, how the rich live, is now out. Through the village television, the Internet and hand-held instruments, which a rapidly increasing number of the poor possess, life-styles of the rich and the middle class are transmitted in full color to their homes every day.
Taken as a whole, the World Bank Group’s annual commitment, which today is around $45 to $50 billion, is expected to grow to more than $70 billion in the coming years. This increased financial firepower represents unprecedented growth for the World Bank Group. We are now in a position to mobilize and leverage, in total, hundreds of billions of dollars annually in the years ahead.
We need to find more effective ways to work with key partners and stakeholders, including those in civil society and the private sector. We need partnerships, strong global institutions, a vibrant private sector and committed political leaders.
Most important of all, we need to unite people around the world in a global movement to end poverty. All parts of our global society must unite to translate the vision of a more just, sustainable economy into the resolute action that will be our legacy to the future.
The world is watching.
Jim Yong Kim is president of the World Bank Group.