World Bank aims to get private sector to help end extreme poverty for millions
and to think that WB had to mention the scandal involving a Bangladesh bridge project as an example.
By Ross Marowits, The Canadian Press
Currently, the $125 billion a year in official development assistance “pales in comparison to the need,” Kim said.
India alone has 400 million people in extreme poverty and an infrastructure deficit of $1 trillion over the next five years that would eat up all the official aid.
Funding needs total $4.5 trillion if you add the other developing countries, Kim said.
He said African heads of state recently signalled that more than energy and infrastructure, they need private sector investment to help…
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