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Nations must allocate more resources to end poverty: WB

Nations must allocate more resources to end poverty: WB

by The Daily Eye Team April 17 2014, 11:44 am Estimated Reading Time: 0 mins, 30 secs

Countries such as India, which accounted for nearly a third of the people living in poverty globally, needed to complement efforts to enhance growth with policies that allocated more resources to the extreme poor, the World Bank said on Thursday.

In a report, the global lender said resources could be distributed through the growth process itself by promoting more inclusive growth or through government programmes such as conditional and direct cash transfers. Countries such as India needed to complement efforts to enhance growth with policies that allocated more resources to the extreme poor, the report said.

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