We need to make sure that development works for ordinary people in the developing world. That requires a broad consensus on a basic strategy. The strategy should include a commitment to help developing countries be equipped to benefit from globalization. This meeting should be an occasion to continue to build consensus for a strategy that can help achieve our poverty reduction goals. A lot has been accomplished in the last 20 years.
Literacy is up and infant mortality is down.
Longevity is up. The amount of food calories available around the world is up. But even with this improvement, there are still more than a billion people living on less than one dollar a day. The point is that more progress can be achieved if you follow the right path and the right policy. The U.S. supports continued IMF involvement in poverty reduction.