In 2013, the World Bank Group announced two goals that would guide its development work worldwide. The first is the eradication of chronic extreme poverty. More formally, it is the target of bringing the number of extremely poor people, defined as those living on less than 1.25 ppp-adjusted dollars a day, to less than 3% of the world population by 2030. The second is the boosting of shared prosperity, defined as promoting the growth of per capita real income of the poorest 40% of the population in each country.
The autumn meetings of the World Bank and the International Monetary Fund are the perfect backdrop for a fresh conversation about growing digital payment networks as a way to foster financial literacy, inclusion, and sustained economic development.
With one year to go until the adoption of a new global development agenda, this event will focus on the practicalities of how best to deliver the new framework and SDG priorities. Although responsibility for implementation will ultimately fall to national governments, it is now recognised that the challenges are too great and too systemic for any one sector to tackle alone. As a result, the mainstreaming of multi-‐stakeholder partnerships in to development policy and practice is being emphasised.