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Because of its poverty, it has long been a recipient of vast amounts of aid.
In a report the bank said that while economic growth remains vital for reducing poverty, it has its limits.
And even though millions of its citizens living in abject poverty, it has ten times more troops per capita than the U.S. Its southern neighbor has meanwhile attempted to counter this threat with a focus on cutting-edge technologies.
Notwithstanding its potential to accelerate growth, intra-regional trade, and investment, and alleviate poverty, it has fallen short of its stated objectives (Table 1).
Although the crisis in East Asia has worsened poverty, it has not necessarily increased inequality.
Though their politically rigid government has yet to conquer corruption and poverty, it has encouraged entrepreneurial activity.
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The EU development commissioner, Andris Piebalgs, said that although the private sector had a "crucial role" to play in helping people lift themselves out of poverty, it had to make sure its involvement benefited all concerned.
Interestingly, the committee notes that government does not use an official definition of food poverty, although it has one for fuel poverty, which is used to inform energy policy.
But most of its people live in poverty, and it has the highest rate of H.I.V. infection in the world.
A third of its population lives in poverty and it has been devastated by natural disaster and civil conflict.
A household is described as being in fuel poverty when it has to spend more than 10% of its income keeping warm.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com