Ill-gotten gains must be used to benefit the world’s poor

Sri Mulyani Indrawati says it will take a global effort to end poverty and suggests there is enough money in the world to do so, but getting hold of it is the problem

THE world has made enormous progress in recent decades in the fight against poverty. But, as 2014 draws to a close, 1bn people — one in seven— still live on less than $1 a day.

It will take a global effort to end poverty — and to find the resources to do so. At first glance, the price tag is staggering. We know that development aid will not be sufficient to end poverty. It will take private sector investment, taxes collected in developing countries, and other sources of finance to do the job.