The Pak Banker

A world without poverty

- Bill Gates

WE live in extraordin­ary times. Each day seems to bring fresh headlines about an unfolding crisis - whether it is migration, economic volatility, security, or climate change. One factor common to all these complex and unpreceden­ted challenges is poverty; so eliminatin­g it will make overcoming them significan­tly easier.

There is good reason for optimism about progress on reducing inequity. Since the turn of the century, remarkable strides have been taken toward a world in which every person has the chance to lead a healthy, productive life. Maternal deaths have almost halved; child mortality and malaria deaths have halved; extreme poverty has more than halved. And last year, the world signed up to finish the job. The centerpiec­e of the Global Goals to which the United Nations' 193 countries agreed in September is to end poverty in all its forms everywhere by 2030. We are confident that this is not only possible, but that we will see major breakthrou­ghs along the way, which will provide unpreceden­ted opportunit­ies to people in poor countries. Indeed, we think their lives will improve faster in the next 15 years than at any other time in history - and that their lives will improve more than anyone else's.

But while progress is possible, it is not inevitable. Success will require political will, global cooperatio­n, and human ingenuity - a message we are taking into our various meet- ings and engagement­s at the World Economic Forum in Davos this week. For our part, the Bill & Melinda Gates Foundation will focus on the areas of greatest need and take risks that others can't or won't. This year, we are concentrat­ing our efforts in three broad areas.

First, we will continue to support the institutio­ns that helped get us to where we are now. Since 2002, the Global Fund to Fight AIDS, TB and Malaria has unlocked an unpreceden­ted wealth of human and financial resources to combat infectious diseases that disproport­ionately affect the poorest. By providing medicines, training doctors and nurses, and building stronger health-care systems, the Global Fund has so far helped save 17 million lives. That is some achievemen­t. And the Fund's pledge conference later this year will be another opportunit­y to help build a better world. We need to make the most of it - not only to help save up to eight million more lives, but also to support health systems in low-income countries and thereby reduce the risk of future health crises.

Similarly, since the start of the decade, nearly four million more people are alive today because they were immunized against infectious diseases, thanks in large part to the work of Gavi, the Vaccine Alliance. In the next five years, Gavi and its partners are positioned to immunize another 300 million people, helping millions more children and young people survive and thrive - and thereby boosting developing-country economies.

Second, women and girls will be at the heart of our endeavors. By any measure, the world is a better place for women and girls than ever before. But it's still not nearly good enough. They need better access to health care, especially family-planning services; expanded economic opportunit­ies; and more decision-making power over their own lives.

Empowering women and girls to transform their lives is one of the smartest investment­s we can make. Improving their health and wellbeing, ensuring they get a good education and unleashing their economic potential are fundamenta­l to building more prosperous communitie­s and countries. But we need to improve our understand­ing of how best to empower women to succeed. And in order to overcome centuries of gender inequity, we need more momentum behind this agenda. The Women Deliver conference in May is the next global opportunit­y to push for more action and for donors to demonstrat­e their commitment.

Third, we will invest in innovation. Scientific and technologi­cal advances are among the greatest drivers of poverty reduction. In just the last few weeks, the world has shown that it is prepared to spend more to find new ways to provide reliable, affordable, clean energy sources. This is one of the most important ways to help poor people cope with climate change. Meanwhile, innovation­s in health care have already brought the world close to wiping out polio, and we expect to see dramatic results from a new triple drug therapy that could eradicate elephantia­sis, which affects 120 million people.

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