(LINA) -The president of the World Bank, Jim Yong Kim, has said that meeting the goal to end extreme poverty by 2030 will be a bigger challenge if the world does not alter the way it invests in its children, particularly those coming from less advantaged backgrounds.
The World Bank president observed that “we are living in the middle of a human capital crisis, and need to do everything we can to create a world where children everywhere will have the opportunity to become whatever they want.”
Kim made the statement Tuesday in a video conference with participants attending a day-long event marking the commemoration of the 25th anniversary of the End Poverty Day held at the World Bank Liberia office in Monrovia.
“The social status of one’s parents is as influential today as it was 50 years ago in determining a person’s future,” Kim said.
He asserted that “in Africa those who are born in rich families are likely to remain rich and those who are born in poor families are likely to remain poor.”
Kim noted that investments in early childhood development, education access and quality, maternal and child health, nutrition, infrastructure, water and sanitation, and other key services in the earliest years are critical to improving mobility and building human capital.
Meanwhile, the Officer-in-Charge of World Bank Liberia Office, Sekou Kamara, has said the “End Poverty Day” is a very important day for the world because it is a day that the World Bank reaffirms its commitment to the World to endeavor to end poverty.
He said the day is also important because it is when the World Bank listens to stories of people it has worked with to see how their work is positively impacting them.
“End Poverty Day” is celebrated on October 10 every year across Africa. This year, the day was observed under the theme “Africa Can.”