on friday. some authorities instituted a ban on fishing. thank you for joining us. for the latest news head over to aljazeera.com. luis suarez is up next for "inside story". have a great night. there are no rates an c.d.s, atms, or deposit slips or kitchen aye palestines on its way for opening an account. the world bank is a different creature, a lending institution sending hundreds of billions to the poorest countries to lift the poorest people out of poverty. dr jim kim appointed by president obama wants to get the world as close to ending extreme poverty as it has been in the

next 15 years. the world's bank, it's "inside story". welcome to "inside story", i'm ray suarez. the world bank is an agency formed at the second world war was ending to rebuild the economic system and countries devastated by war. the bank for international assessments were going to aid in reconstruction of the first war and rapidly decolonizing world. it attracted critics who thought the organizations were hurting the boar.

financing the wrong places. building projects instead of people. among them an n.g.o. leader named jim kim. >> kim was an antro poll gift. we've lugs nicing the poorest of the pure. he follows senior economist officials. men like mack nammar area, former deputy secretary of skate zelle ebbing. and secretary of defense. kim immigrated in the early '60s, following an academying career with -- academic career with rolls in health, harvard before becoming the president of dartmouth college and left to become president of the world bank group in 2012. i spoke to him at the council on

foreign relations in new york. >> we began about a goal of reducing the poverty to near zero by 20130. -- 2030. >> we think it's possible to get blow 3%. there's some people plunging into poverty with earthquakes and hurricanes and the like. that's a great goal for us. it will be really hard. for the first time history, the percentage of people in the world living in poverty is less than 10%. it's still 700 people. by 2020, half of all people living in poverty will be living in a fragile state. we thought if would set ourselves a goal for more than anything else, what we wanted to go was force us, ourselves, and everyone else to exchange the

way we work. to get to the goal we'll have to do things differently. >> why does it neat the pragmatic approach of the west bank doing this, when it could be pointed out that there's hundreds of millions around the world that are richer than their i know parents, grand parties ever could imagine without the west bank. we are not the only ones doing this. we set the tart for the world. because 188 countries are our governors, when the west bank said our target is what we'll work towards, there was a sense that the world was accepting it: it's the target in sustainable development tones. right now, because of the leadership of the secretary-general, it's not the entire world scope. for us it's a matter of trying to figure out the best way to play our role. frning it part of it --

financing is part of it. we want to be leaders in terms of knowledge about what it has taken to lower the levels of poverty and boost prosperity by 40%. >> a lot of people watched your appointment because you are not an economist, or a banker, you are a physician, an n.g.o. leader, and it was anticipated you take the bank in a different direction. now that you have a couple of years on the job under your belt, what is different. >> i'm the first president of the world bang that is a development person, working in development my entire life. none the previous presidents worked in the area of development. we have changed a lot of things at the world bank. first, we have a tart. it was informal in the past, now it's clear, ending poverty by 2030.

we are tackling the issue of poverty. boosting prosperity is a way of saying the focus is on the bottom 40%, they have their income grow faster than the economy. these two things are different. the other things that we are doing, it's different when your leader has been in the field before. it's different when your leader has run real programs, so there's a lot of things i need to learn, it's a huge job. i didn't need to learn about the difficulty of getting things down in developing countries. we are now focussing on specific outcomes, we set targets. we want everyone to have access to financial services by 2020. we are thinking and working with everyone about targets on water, stunting. we really now believe that with the new sustainable development goals, we have to be tougher on ourselves so we achieve outcomes

as opposed to disar our commitment or betting lons out the door. >> when we continue our conversation with dr jim kim on the work of the world bank, we'll talk about the long-term effects of poverty on young children, and the role the bank can play in helping the poorest rise. he may be a development banker but thinks and talks like a doctor. >> we know without the right nutrition and stimulation children develop fewer neuronal connections than the children who do have nutrition and stimulation. there are things like the phenomenon of serve and volley. when a baby babbles, they are expecting a response. when they gont get it stress hore zones -- don't get it stress levels go up.

and they shape the structure of the human brain.

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depravation of a child. stunting. >> i'm with dr jim king on today's "inside story". you mentioned stunting, it's an interesting --. ♪ ♪ you mentioned children in extreme poverty, it requires a world where we take the long view of human personhood, where it's important to support 3-year-olds, because we are worried about what 25-year-oldses they'll be. do we have that kind of world? >> i think so. there's a tremendous amount of interest in the issue, and it has been driven by fantastic research. we know more about it now. some is chilling. we know that without the right nutrition and the right

stimulation children develop the connection. >> there are things like the serve and volley, they are expecting a response from someone. when they don't get it. the stress hormones shape the structure of the human being. there's evidence that you can make a difference. literally there's few studies, but a great one from al jazeera america there was a group. studented children. they know all kinds of interventions, and the only intervention making a difference o young people going to the homs of stunted children, and encouraging moth erls to interact -- mothers to interact

with children. they had income levels the same as the rest of the community. every other group had outcomes worse than that. we know how to do it. in haiti and lima and other areas, there's wonderful ways of improving nutrition and helping parents and caregivers, and community health givers provide stimulation that children need to end stunt aring. we may have learnt that legislating equality of outcomes has not worked so well. >> every cunty has to be committed. it starts with a preing plant common -- pregnant woman, and

mitt ourselves to ensuring no no child is stunted. i'd like to see the if target set. >> if you and i got on the cities of some of the poor et cetera countries. >> the ministers say i need everything and only have this much in the way of resources. >> k 12 to education seems on impossible dream. we don't have highways and functioning rail roads. and you are asking me to make sure 3-year-olds are stimulated and fed. that's what we expect families to do. give me the other things, they'll take care of themselves. do you have allies in the governments that when you lanted they say, you're right, stunting is a long-tail problem, i can wait on the highway, i'll take

the universal therapy for my 2-year-old. this is one of the other changes at the world bank group. because i've been working in texts, i had come to the -- working in development i had come to the conclusion that what was missing was the science of delivery. not the science of what needs to be done, but how to make it work. you need to focus on childhood stunt. i say if i need to do that. while bying attention to priorities, we need to see, if you have a different kind of community health workers, you can improve the outcomes from malaria, and improve the outcomes from chronic diseases. the non-infection diseases. you can do all that.

you can help children stay in school and tackle stunting at a lower price than you might have imagined and by the way, we have a special fund in which the donor countries are going to help you february this at low costs. >> if we come up with the multiple solutions, they not just similar, a single program, one that helps them solve many problems, then i think we'll sa allies. we are putting the burredan on ourselves to come up with the approaches. those are the things to put on the table to have the allies we need, along the finance minister. >> can you do it without ending up with a bunch of countries strung out on debt. which is an historic problem since organizations were created. >> the way to pay for the

programs is going to be. what we'll see is tiny proportions of it being collected. what we see is the only people that pay their taxes are those that are too weak, the poor, essentially, to fight being taxed. we have regressive tax systems, and along with the international monetary fund, we have committed to helping every country improve tax collection. for example, we think there can be a 2-4 increase in tax collection. if there's a bigger increase, it's more than three times the foreign aid. coming in with low interest loans to start with, work with the countries to pay for the programs over time. >> one of things we need to do is make the ace case that you

made, that these are critical issues for not only long-term growth, but medium term. it's the right thing to do. you cannot talk about equality. this is a problem we have to approach, almost like a medical emergency. the funding mechanisms, and the program specifics are out there. they have been proven in places like rwanda and haiti. >> we'll continue the conversation with the president of the world bank, dr jim kim in a moment. over the course of his career he's gone from anti-world bank activism to leading the 188-nation organization, and sees the banks as an important force of helping people of poor countries and the rest of the world respond to the threat of climate change. >> there's 98% agreement between

climate scientists among the effect of humans on climate change. i'm a medical doctor, and i can't recall anything in medicine where we have 98% agreement. it's important to whack up to the science and the moral possibility, not to our grandchildren, but our children.

>> welcome back to "inside story," i'm ray suarez. welcome back to "inside story". i'm ray suarez. my guest, dr jim kim, president of the world bank, our turned to a priority for the bank and intention to spur development in economic growth for the poorest people. their increasing vulnerability to climate change. i'm joined by dr. jim kim, the today on "inside story", i'm

joined by joined by dr jim kim. out with shock waves about the way that climate change could change the future economic development of the poorest people in the world. and the bottom line, i guess from the study, unless we do something like this, it's kind of game over for hundreds of millions of people. >> absolutely, if we don't reach our targets, we're talking about an additional 100 million people who will be plunged into poverty, so it literally is game over for us. and we have been very focused on climate change. everything that we might be able to do. we have a 5-point plan. there are some no brainers. climate-smart agriculture, growing crops that are more hardy. thinking about agriculture as a way to help poor countries adapt to climate change. it's a no-brainer. building smaller and more liveable cities. this is a no-brainer, increasing financing for

sustainable energy, solar, wind, hydroelectric power, and improving efficiency, another no-brainer, and there are other tough ones that are going to have the biggest impact of all. we need to eliminate fossil fuel subsidies. three are over $1 trillion a year in costs, and these are fundamental aggressive. they benefit -- we did a study along with others, the top 20% of income earners in developing countries benefit six times more from fuel subsidies than the poor. >> they're the people with clout, with money, who talk to office holders, elected and appointed around the world. and aren't they a roadblock? >> it's interesting that you mention roadblocks. that's what happens when you remove fuel subsidies. the truck drivers and the taxi drivers literally block the road.

the fuel prices are so low right now that many countries are taking steps to remove subsidies, and the question is what will happen when the fuel prices go back up? iran is going to come back on with their oil production, and the prices will stay low for a while. but this is a political thing that if we did it, it would help us tremendously with climate change. and the final one and the most difficult is the price on carbon. there's a cost of putting carbon in the air, with the increasing severity of events, and we need to reflect that. i'm extremely encouraged by china. president chi when he came to the united states, and we know that when president chi says something, it's going to happen. every country that wants to do business with china is going to have to think about low carbon solutions.

i'm very worried about this, ray, that we're not going to see into the future enough or think enough about the world that our children will live in. but we have opportunities, and no brainers and difficult tasks, and if we get out of them and come out of the meeting with paris that is going to happen in a few weeks, on climate change. and if we come out of there with he momentum and commitment, we have a chance, and it's going to be difficult. >> the number two in the world, the united states, really onboard. people have a sense that maybe we should be doing something. but one of our two governing parties is saying, absolutely not. >> it's really important to pay attention to the signs here, ray. there's 98% agreement among climate scientists, about the affect to humans on climate change. i'm a medical doctor, and i can't recall anything in medicine that we have 98% agreement on.

and so it's important for us to wake up to the science. and it's also important for us to wake up to the moral responsibility that we have not to our grandchildren, but to our children. i have a six-year-oldux ray, and we have a history of longevity in our family. and he could be around. and his world in his 90s is going to look nothing like the world looks today. we have to wake up. we have to take action, and i would like anyone who doubts the science to really think about what they're saying. it's not doubting the science, 98% of scientists, not doubting it on climate change, but doubting science as a whole. and if we can't agree on something which 98% of the problem. >> dr. jim kim, president of the world bank, is with me on "inside story", and thank you for being with us.

>> thank you. >> i spoke to dr. kim in new york, and i'll be back with a final thought on how harnessing capitalism could look. send us your thoughts on twitter. or follow me and get in touch at ray suarez news. or visit our facebook page and tell us what you think about the west bank's goal to end global poverty, address child stunting and attack global warming. we would love to hear it.

>> now, normally banks don't have much to do with the poorest people on the planet. 700 million people live on less than $2 a day, they own little or no it assets. and most don't have bank accounts, and millions don't have title to the land that they live on. they will live their lives and die. so what does capitalism say to people stuck in that situation? well, plenty if you think about capital in a different way. if you spend money keeping a child from being stunted from a weak body and a weak mind, we think of that as aid rather than investment. but 20 years later, when the child is an adult, whose best efforts on the farm energetic the factory, are needed for the country, that person can't help you as much. and their human capital is graded through no fault of their own.

instead of being an asset in a country that needs hard work, that person, possessed of all of the dignity and humanity can't help you that much. a 30-year-old who should be at the height of their ability can't work because of the chronic affects of malaria or tuberculosis. getting the affects of the disease, aid, hand out or investment. dr. kim succeeds that hundreds of millions have been lifted out of extreme poverty in the last 20 years, but suggest that the job is far from done. hundreds of millions more are left behind. i'm ray suarez. and that's the "inside story." the news continue right now. s

a double suicide bombing in beirut killed 42 people. i.s.i.l. said it was responsible. hello, i'm darren jordon, from the world news. also ahead - kurdish forces in iraq say they are making progress in an offensive to take sinjar, where i.s.i.l. was accused of genocide. israeli forces raid a hospital in the occupied west bank, and shoot dead a palestinian man. and a machine that