Please forward this error screen to sharedip-107180112166. With 189 member countries, staff from more 170 countries, and offices methods of speech development in children over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Center for Strategic and International Studies, Washington, D. Thank you, John, for that kind introduction. Thank all of you for coming, or watching on the Webcast.
And thank you to CSIS for hosting us at your beautiful building. Before I begin, I want to pause to remember the 147 students at Garissa University College in Kenya who were senselessly murdered just a few days ago. Just 15 years into the new millennium, economic development in poor countries and emerging markets is at a critical crossroads. Ukraine to the Middle East to parts of Africa.
2015 is the most important year for global development in recent memory. In July, world leaders will gather in Addis Ababa to discuss how we’ll finance our development priorities in the years ahead. Asian Infrastructure Investment Bank led by China, with more than 50 countries and regions signing on as members. With the right environment, labor and procurement standards, the Asian Infrastructure Investment Bank and the New Development Bank, established by the BRICS countries, can become great new forces in the economic development of poor countries and emerging markets. 2030 and to boost prosperity among the poorest 40 percent in low- and middle-income countries.
These goals are ambitious and there’s more than enough work to go around. Our ambitions for economic development couldn’t be higher. We’re no longer talking about billions of dollars for economic development. The decisions we make this year, and the alliances we form in the years ahead, will help determine whether we have a chance to reach our goal of ending extreme poverty in just 15 years. The good news is that the world has made substantial progress already. In 1990, when the world population was 5.