“Over the weekend, the Development Committee – a ministerial-level forum of the World Bank Group (WBG) and the International Monetary Fund (IMF) – unanimously endorsed a new reform strategy to align the staff, finances and priorities of the WBG to meet the twin goals of ending extreme poverty by 2030 and boosting shared prosperity for the bottom 40 percent of the population in developing countries. The new strategy will go into effect on July 1, 2014.”
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