World Bank Group President Jim Yong Kim called for economic growth that creates more just societies, defining the institution's goal of boosting shared prosperity as its strategy to tackle global

World Bank Group President Jim Yong Kim called for economic growth that creates more just societies, defining the institution's goal of boosting shared prosperity as its strategy to tackle global inequality.

Speaking at Howard University, Kim announced that for the first time in its history, the World Bank has set a specific goal to reduce global inequality.

At the World Economic Forum in Davos, Dr. Jim Yong Kim, 12th President of the World Bank Group,

At the World Economic Forum in Davos, Dr. Jim Yong Kim, 12th President of the World Bank Group, highlighted income inequality and the urgent need to close the gap between rich and poor. He stressed that a serious plan is essential to address this global challenge.

The World Bank offers a smart plan of action. Watch their video from Davos, published on January 23, 2014, to hear their recommendations.