2. P v·er·ty noun, often attributive ˈpä-vər-tē
-the state of one who lacks a usual or socially acceptable amount of
money or material possessions
Worldbank.org
Africa.org
This is what 1% looks like.
3. INTERNATIONAL MONETARY FUND
Surveillance-Technical-Lending
WORLD BANK
Building human capital
Constructing well-designed and implemented social safety
nets
Offering incentives for the private sector to create good jobs
Implementing fiscally and environmentally sustainable
policies to pursue those ends
Focus: free trade, liberalization, export-led development initiatives.
“Our goal of boosting shared prosperity will be achieved by raising incomes, creating jobs,
educating children and providing all with access to food, water and health care”. World Bank
President, Jim Yong Kim.
www.worldbank.org
4. Surveillance:
Monitoring the Globe
The poorest 40 percent of the world’s population accounts for 5 percent of global
income. The richest 20 percent accounts for three-quarters of world income.Source
WATER-
• 1.8 billion people who have access to a water
source within 1 kilometre, but not in their
house or yard, consume around 20 litres per
day. In the United Kingdom the average person
uses >50 litres of water a day flushing toilets
(where avg. daily water usage -150 liters a
day.
• 1.8 million child deaths each year from
diarrhea
• 400 million with no access to safe water (1 in
5)
FOOD-
• 790 million undernourished -two thirds are in
Asia and the Pacific
• -9 million deaths per yr.
ELECTRICITY-
• None -1/4 of humanity (1.6 billion)
RELATED CAUSES -
• Export-oriented agriculture
• Inefficient agricultural practice
• Transportation-lack of
• War-Famine-Drought
• Poor crop yield
• Lack of democracy
• Free trade -not being able to build own
industries to increase gross domestic product
(GDP)
• http://www.poverties.org/poverty-
statistics.html#sthash.4XNd41eb.dpuf
Unicef.org
shoesforhumanity.org
5. www.imf.org
World Bank Project Map
Lending:
2014-
India- 200 MLN Micro, Small,
Medium Enterprises
Ukraine-17.1 BLN-
macroeconomic stability
www.worlbank.org
6. DEBT RELIEF
2010-
Increase 17 BLN –poverty restructuringtransitions
2014- $75 BLN- economic stability
www.imf.org
Simple Average Poverty-Reducing Expenditure and Debt
Service in 36 Post-Decision-Point HIPCs, in % of GDP
8. Changing lives
Transportation…1864.11 miles …
Bangledesh- The World Bank Group has helped to build and fix 3,000 kilometers
(1864.11 miles) of road. Within six years, “the average household income in those
areas grew by 74% as roads connected communities to markets. Areas that did not
have access to these upgrades saw a 23% decline in average household income”
(Kim: Speech, Par. 12).
And..
9. International Development Association
www.worldbank.org
1960Assistance for the World’s Poorest International Development Association (IDA) is
established as part of the World Bank to reduce poverty by providing interest-free credits and
grants. Today, IDA is one of the largest sources of assistance for the world’s 79 poorest countries
and the largest single source of donor funds for basic social services in these countries.
10. Global Currency…
Replacing the U.S. dollar with SDRs
-reduce central banks dependence on U.S.
Treasuries
- assets, such as oil and gold, which are traded in
U.S. dollars, could be priced using SDRs.
Note-The IMF’s gold holdings amount to about 90.5 milliontroy ounces (2,814.1 metrictons),
making the IMF the third largestofficialholder of gold in the world (GoldHoldings,Par. 1).
SDRs?
11. SDRs
Special Drawing Rights:
-The United States has the majority vote with 17%.
The United States….
http://www.imf.org/external/np/fin/data/sdr_ir.aspx
14. But Critics SAY...
IMF & World Bank Washington D.C.
Capitalizing onthepoor
Neoliberalism
Unequal trade
corporate-led”
“Debt is an efficient tool”
For every $1 in aid a developing country receives,
over $25 is spent on debt repayment.
http://www.globalissues.org/article/23/imf--
PROTESTS
15. “Debt is an efficient tool. It ensures access to other peoples’ raw materials and infrastructure on the
cheapest possible terms.
Dozens of countries must compete for shrinking export markets and can export only a limited range
of products because of Northern protectionism and their lack of cash to invest in diversification.
Market saturation ensues, reducing exporters’ income to a bare minimum while the North enjoys
huge savings.
The IMF cannot seem to understand that investing in … [a] healthy, well-fed, literate population …
is the most intelligent economic choice a country can make.”
— Susan George, A Fate Worse Than Debt, (New York: Grove Weidenfeld, 1990.
http://www.globalissues.org/
16. Conclusion,
Sharing wealth will eliminate global poverty by 2030.
Twelve Tribes of Israel were dispersed, some entered Europe, traveled over the caucus mountains; and
were then called Caucasians.
It is the fundamentals of America (and its allies) creating prosperity for the world; and you are a part of
this extraordinary effort…
The Bible
“I give thee power to gain
wealth”….
…”You will be a blessing to
ALL nations”
18. Works Cited
“About the IMF." About the IMF. N.p., n.d. Web. 02 Nov. 2014.
<http://www.imf.org/external/about.htm>.
Facts & Figures 1998, UNICEF, New York, 1998; and The State of the World’s Children 1999,
UNICEF, New York, 1998, Table 1.
Foreign Trade. United States Census Bureau. October 3, 2014. Web. 28 October 2014.
<http://www.census.gov/foreign-trade/balance/c5700.html>.
43. Academic Search Complete, Ipswich, MA. NCLIVE. RCC Library. Web. October 29,
2014.
"HOWTHE IMF, WORLD BANK FAILED AFRICA." New African”. Jan. 2007. 458th ed.: 12- 16.
NCLIVE. Web. 28 Oct. 2014.
“IMF DECIDES TO LEND$17.01 BLN TO UKRAINE”, Interfax. Ukraine Business Weekly.
5/7/2014. P1-1.1p.
Merriam-Webster.com. Merriam-Webster, n.d. Web. 2 Nov. 2014. <http://www.merriam-
webste.com/dictionary/poverty>.Web. October 28, 2014.
“Shoes for Humanity”. Fowler, Ken. Nd. Web.Access date.9 Nov. 2014. .
<shoesforhumanity.org>
Snyder, Michael. "Trade Deficit." Economic Collapse. N.p., 14 Aug. 2010. Web. 28 Oct. 2014.
http://theeconomiccollapseblog.com/archives/the-trade-deficit-nightmare
“United States Balance of Trade” Trading Economics. Editor. Anna Fedec. US Department of
Commerce. | anna@tradingeconomics.com 10/3/2014. 1:47:56 PM. Web. 28 Oct. 2014.
<http://www.tradingeconomics.com/united-states/balance-of-trade>
"World Bank Group." World Bank Group. Projects. IBRD-IDA, n.d. Web. 28 Oct. 2014
<http://www.worldbank.org/>
