Magazine article Public Finance

Help Us to Combat Poverty, World Bank Financier Urges

Magazine article Public Finance

Help Us to Combat Poverty, World Bank Financier Urges

Article excerpt

A senior member of the World Bank has urged the accounting profession to play an increasing role in combating global poverty.

Addressing CIPFA delegates on June 16, Tony Hegarty, regional manager for financial management at the World Bank, said his organisation recognised the 'crucial role of the accounting profession in international development'.

Hegarty said solutions to poverty had always been crucial, but were made even more necessary following the September 11, 2001 terrorist attacks in the US, because there was a growing realisation that the issue was also linked to global security.

Hegarty linked public sector work in this area with Chancellor Gordon Brown's campaign to reduce debt and to improving accountability of political leadership in the developing world.

'The interests of people in all countries would be best served when the scourge of poverty is ended,' Hegarty said. …

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