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IMF, World Bank to Discuss Poverty, Power, and Growth
More than one billion people around the world live in extreme poverty, and World Bank President Jim Yong Kim is determined1 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.
Economists2 say global economic growth will help the poor and make it easier for the world's 200 million unemployed3 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 tepid4, she warns, especially in wealthy developed nations. She says it could be hurt by ill-considered cuts in government budgets and economic stimulus5 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.
That means new resources are likely to come from faster-growing, emerging nations in Asia or Africa, according to University of Waterloo Professor Bessma Momani. She spoke6 via Skype.
“They will come with the money that will bolster7 the coffers of the IMF that is so sorely needed, and they won’t have to come to the United States all the time," she said.
Brookings Institution scholar Domenico Lombardi says many nations have already approved a reform package giving emerging economies more power in the IMF. But, until recently, the deal seemed stalled in Washington.
“What has happened is that the administration has formally proposed the legislation to Congress, and the expectation is that Congress might approve the package, ratify8 the package by the end of the year," he said.
One scholar says the success of this gathering9 will be measured by the amount of money actually sent in the near future to help the poor and improve infrastructure10.
1 determined | |
adj.坚定的;有决心的 | |
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2 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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3 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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4 tepid | |
adj.微温的,温热的,不太热心的 | |
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5 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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6 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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7 bolster | |
n.枕垫;v.支持,鼓励 | |
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8 ratify | |
v.批准,认可,追认 | |
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9 gathering | |
n.集会,聚会,聚集 | |
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10 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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