The World Bank and IMF meetings “began on Monday”:http://www.peruthisweek.com/news-world-bank-and-imf-annual-meetings-kick-off-today-in-lima-107744 in the new Lima Convention Center, convening world leaders and finance specialists searching to solve the world’s problems including world poverty.
BBC News released a short “clip and article”:http://www.bbc.com/news/world-latin-america-34453060 entitled, “Lima ‘a city of extreme wealth and poverty'” that highlights Peru’s divided wealth.
Michelle Fleury reports from the capital city where it’s economic boom is “one that hasn’t benefited all.”
She visits a slum where residents wait for water deliveries and consider the resource “more precious than gold.” A local resident from that area pays S/. 3 for water, an amount that costs three times as much compared to wealthier districts.
There, a wall that separates two neighborhoods, demonstrates the great wealth divide in Lima. “The wall exists solely to keep slum dwellers out of the rich district on the other side. Still the World Bank thinks it could overcome such obstacles.”
The World Bank stresses that over last 25 years, one billion people have been lifted out of poverty.
At the IMF meetings, they will emphasize that “too much wealth in the hands of too few hurts growth.”
Watch the video below
_YouTube: Lima ‘a city of extreme wealth and pover