Countries like India and China would have to be engaged if the World Bank has to successfully address the issue of poverty, president of the Bank Robert Zoellick has said, brushing aside arguments that the portfolios of these countries needs to be reduced due to their strong foreign exchange reserves.
"If you look at where the poor are in the world, China, India and the so-called middle-income countries that they refer to are still home to 70 percent of the poor. So if we're going to be an institution that addresses poverty, we need to deal with those countries," Zoellick said.
Brushing aside arguments that the portfolios of countries like India and China needs to be reduced at the Bank in view of their strong foreign exchange reserves, Zoellick said that if the Brazils, the Indias and the Chinas are left behind