World Bank will continue to focus on India, China: Zoellick
India and China will continue to be the focus of the World Bank as these countries represent 70 per cent of the poor in the world, said the Bank president Robert Zoellick.
By PTI |
NEW DELHI: India and China will continue to be the focus of the World Bank as these countries represent 70 per cent of the poor in the world, said the Bank president Robert Zoellick.
"You've more poor in India than in all of sub-Saharan Africa. So if we're focused on poverty, we have to focus on these countries (India and China)", he said in an interview.
Answering questions on the need to help countries like India and China which can access the capital markets for funds, Zoellick said although these countries are considered as "middle income powers", they house 70 per cent of the world's poor and hence would continue to be the focus of the Bank.
Secondly, he added, "if we're going to deal with issues like energy and climate change, these countries are critical. We can't just say we're going to ignore them."
Referring to Doha Round, Zoellick said big global trade negotiations will help India by opening opportunities for those farmers who would move away from the agriculture sector.
"They're (600 million people in rural areas) not all going to remain farmers. Some of them are going to move to small manufacturing, and that (trade negotiations) could help if there's more open business for them globally."
"You've more poor in India than in all of sub-Saharan Africa. So if we're focused on poverty, we have to focus on these countries (India and China)", he said in an interview.
Answering questions on the need to help countries like India and China which can access the capital markets for funds, Zoellick said although these countries are considered as "middle income powers", they house 70 per cent of the world's poor and hence would continue to be the focus of the Bank.
Secondly, he added, "if we're going to deal with issues like energy and climate change, these countries are critical. We can't just say we're going to ignore them."
Referring to Doha Round, Zoellick said big global trade negotiations will help India by opening opportunities for those farmers who would move away from the agriculture sector.
"They're (600 million people in rural areas) not all going to remain farmers. Some of them are going to move to small manufacturing, and that (trade negotiations) could help if there's more open business for them globally."
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
