Jim Yong Kim, President of the World Bank Group discusses the role of private sector as being essential for ending poverty by 2030, and for building sharedprosperity so that the bottom 40 percent of the populationshares in economic growth. He stresses the need to create a favorable environment in which it's easier tostart a formal business with improved regulation andtechnology. He mentions that many leaders in the developingworld are actively looking for ways to work more closelywith private sector. He speaks about the need of Canadiansand other international firms to invest in the developingworld. He expresses the keen interest of World Bank topartner in developing countries and asks the government ofCanada to help bend the arc of history and banish extremepoverty from this earth.