World leaders
gather in G20 Summit for developing countries culminating a week of events, the world's financial leaders are holding a
conference on Sunday and Monday to discuss growth in developing countries.
The International Monetary Fund and World Bank joint conference held at IMF headquarters in Washington centers on taxes, infrastructure, income inequality and natural resources, among others.
"In an environment of low growth in advanced economies, developing countries have a strong incentive to seek new domestic engines for efficiency and productivity as well as greater equity in development", according to a statement from the meeting.
The conference of developing countries is part of the spring meetings of the World Bank and the IMF. Events began on Monday, and sessions to date have focused on the global economic outlook and global financial stability, among other topics.
World Bank officials said their goal is to reduce extreme poverty in the world, people who live on less than $ 1.25 a day, and 3% of the population in 2030.
Protesters gather outside of the spring meetings of the World Bank / IMF in Washington, DC
"Achieving this goal will require strong growth in the developing world, and the translation of growth on poverty reduction in an unprecedented move in many low-income countries.
"Global growth has remained very weak and unemployment is still very high in many countries," according to a statement from the G-20 officials. "The recovery is uneven and is progressing at different speeds with emerging markets experiencing relatively strong growth, the U.S. shows a gradual strengthening of private demand and the recovery of the euro area as a whole is still materialize" .
The International Monetary Fund and World Bank joint conference held at IMF headquarters in Washington centers on taxes, infrastructure, income inequality and natural resources, among others.
"In an environment of low growth in advanced economies, developing countries have a strong incentive to seek new domestic engines for efficiency and productivity as well as greater equity in development", according to a statement from the meeting.
The conference of developing countries is part of the spring meetings of the World Bank and the IMF. Events began on Monday, and sessions to date have focused on the global economic outlook and global financial stability, among other topics.
World Bank officials said their goal is to reduce extreme poverty in the world, people who live on less than $ 1.25 a day, and 3% of the population in 2030.
Protesters gather outside of the spring meetings of the World Bank / IMF in Washington, DC
"Achieving this goal will require strong growth in the developing world, and the translation of growth on poverty reduction in an unprecedented move in many low-income countries.
Overcoming also
require institutional challenges and government, and investment in
infrastructure and agricultural productivity, "according to an official
statement released Saturday.
On Friday, the Group of 20 finance ministers and central bank governors said economic policymakers around the world must do more to support the claim.
On Friday, the Group of 20 finance ministers and central bank governors said economic policymakers around the world must do more to support the claim.
"Global growth has remained very weak and unemployment is still very high in many countries," according to a statement from the G-20 officials. "The recovery is uneven and is progressing at different speeds with emerging markets experiencing relatively strong growth, the U.S. shows a gradual strengthening of private demand and the recovery of the euro area as a whole is still materialize" .
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