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WTO, IMF and World Bank leaders stress vital role of trade in reducing poverty April 10,2019   |  Source: WTO

WTO Director-General Roberto Azevêdo joined with IMF Managing Director Christine Lagarde and World Bank CEO Kristalina Georgieva on 10 April to argue for renewed efforts to leverage trade as a force to reduce poverty. DG Azevêdo argued that the current trade tensions could undermine recent progress in tackling poverty. “We cannot afford to go down this path,” he said.

The three leaders were speaking at a joint WTO-IMF-World Bank event in Washington DC titled “Beyond Uncertainty: Leveraging Trade to Reduce Poverty”, held alongside the World Bank-IMF Spring meetings.

The publication focuses on four constraints faced by the extremely poor – namely that they tend to live in rural areas, work in the informal sector, live in fragile and conflict-affected regions and face gender inequality.

The case studies underline the challenges the extremely poor face and identify ways to overcome them, including through the adoption of policies that maximize the contribution of trade to poverty reduction. The studies also highlight the ongoing gaps in data and research that constrain policy-making.

The publication is a follow-up to “The Role of Trade in Ending Poverty”, co-published by the WTO and the World Bank in 2015, which examined the challenges the poor face in

 

© 2019, World Trade Organization

Theme(s): Post Harvest Technology and Trade.

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