"Eradicating poverty is high on the list of both the Millennium Development Goals and Sustainable Development Goals. Both, were endorsed by the heads of state or government of the 190-plus member countries of the United Nations, including BRICS. As a member of the UN as well as BRICS, China's contribution to global poverty reduction is much more than its contribution to global economic growth... China is set to eliminate absolute poverty by the end of this year... There is no doubt that the fast economic growth in China and India has played a key role in reducing poverty in the two countries. Slower but positive growth-before the novel coronavirus pandemic broke out-also helped the other BRICS countries to lower their poverty rates... In short, all BRICS countries have made progress in poverty alleviation work, even though the progress has been uneven due to their different growth rates and the levels of inequality in their societies. But despite growth playing a dominant role in poverty reduction, it would be a mistake to overlook inequality, because a high level of inequality directly undermines growth potential and indirectly offsets the beneficial impact of growth on poverty reduction."
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Wan Guanghua, in Inclusive growth essential for poverty alleviation in BRICS states, China Daily, (20 August 2020)
https://en.wikiquote.org/wiki/New_Development_Bank
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