[Script Info]
Title: 
[Events]
Format: Layer, Start, End, Style, Name, MarginL, MarginR, MarginV, Effect, Text
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We are witness to monumental\Nhuman progress.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Over the past few decades,\Nthe expansion of the global marketplace
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,has lifted a third of the world's\Npopulation out of extreme poverty.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Yet we are also witness\Nto an astounding failure.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Our efforts to lift people up
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,have left behind those\Nin the harshest forms of poverty,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,the ultra poor.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,What it means to be ultra poor\Ngoes beyond the monetary definition
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that we're all familiar with:
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,living on less than two dollars a day.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It goes even beyond not having assets
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,like livestock or land.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,To be ultra poor means to be stripped
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of your dignity, purpose and self-worth.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It means living in isolation,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,because you're a burden\Nto your own community.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It means being unable\Nto imagine a better future
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for yourself and your family.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,By the end of 2019,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,about 400 million people
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,were living in ultra poverty worldwide.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,That's more than the populations\Nof the United States and Canada combined.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And when calamity strikes,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,whether it's a pandemic,\Na natural disaster or a man-made crisis
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,these numbers spike astronomically higher.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,My father, Fazle Abed,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,gave up a corporate career
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to establish BRAC\Nhere in Bangladesh in 1972.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Bangladesh was a wreck,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,having just gone through\Na devastating cyclone
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,followed by a brutal war for independence.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Working with the poor,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,my father realized that poverty
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,was more than the lack\Nof income and assets.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,It was also a lack of hope.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,People were trapped in poverty
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,because they felt their condition
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,was immutable.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Poverty, to them,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,was like the sun and the moon,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,something given to them by God.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,For poverty reduction programs to succeed,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,they would need to instill\Nhope and self-worth
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,so that, with a little support,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,people could lift themselves\Nout of poverty.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,BRAC went on to pioneer\Nthe graduation approach,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,a solution to ultra poverty
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that addresses both income poverty
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and the poverty of hope.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The approach works primarily with women,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,because women are\Nthe most affected by ultra poverty
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but also the ones most likely\Nto pull themselves
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and their families out of it.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Over a two year period,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,we essentially do four things.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,One, we meet a woman's basic needs
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,by giving her food or cash,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,ensuring the minimum to survive.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Two, we move her\Ntowards a decent livelihood
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,by giving her an asset, like livestock,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and training her to earn money from it.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Three, we train her to save,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,budget, and invest her new wealth.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And four, we help\Nto integrate her socially,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,first into groups of women like her,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and then into her community.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Each of these elements
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,is key to the success of the others,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but the real magic is the hope\Nand sense of possibility
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that women develop through\Nthe close mentorship they receive.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Let me tell you about ??.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,?? was born in a remote village\Nin northern Bangladesh.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,She never went to school,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and at the age of 15
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,she was married off to an abusive husband.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,He eventually abandoned her,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,leaving her with no income
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and two children
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,who were not in school
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and were severely malnourished.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,With no one to turn to for help,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,she had no hope.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,?? joined BRAC's\Ngraduation program in 2005.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,She received a dollar a week,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,two cows,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,enterprise training,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and a weekly visit from a mentor.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,She began to build her assets,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but most importantly
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,she began to imagine a better future\Nfor herself and her children.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,If you were visit\N??'s village today,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,you would find that she runs\Nthe largest general store in her area.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,She will proudly show you\Nthe land she bought
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and the house she built.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Since we began this program in 2002,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,two million Bangladeshi women
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,have lifted themselves and their families\Nout of ultra poverty.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,That's almost nine million people.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,The program, which costs\N500 dollars per household,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,runs for only two years,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but the impact goes well beyond that.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Researchers at the London\NSchool of Economics
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,found that even seven years\Nafter entering the program,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,92 percent of participants
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,had maintained or increased\Ntheir income, assets and consumption.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Esther Duflo and Abhijit Banerjee,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,the MIT economists who won\Nthe Nobel Prize last year,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,led multi-country evaluations
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that identified graduation
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,as one of the most effective ways\Nto break the poverty trap.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,But my father wasn't content
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to have found a solution
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that worked for some people.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,He always wanted to know
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,whether we were being ambitious enough
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in terms of scale.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,So when we achieved\Nnationwide scale in Bangladesh,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,he wanted to know how we\Ncould scale it globally.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,And that has to involve governance.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Governments already dedicate\Nbillions of dollars
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,on poverty reduction programs,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,but so much of that money is wasted
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,because these programs\Neither don't reach the poorest,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and even the ones that do
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,fail to have significant long-term impact.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,We are working to engage governments
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,to help them to adopt and scale\Ngraduation programs themselves,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,maximizing the impact
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,of the billions of dollars
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,they already allocate\Nto fight ultra poverty.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Our plan is to help\Nanother 21 million people
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,lift themselves out of ultra poverty
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,in eight countries over the next six years
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,with BRAC teams on site\Nand embedded in each country.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,In July of 2019, my father was diagnosed\Nwith terminal brain cancer
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and given four months to live.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,As he transitioned out of BRAC
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,after leading the organization\Nfor 47 years, he reminded us
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that throughout his life\Nhe saw optimism triumph over despair,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,that when you light the spark\Nof self-belief in people,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,even the poorest\Ncan transform their lives.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,My father passed away in December.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,He lit that spark for millions of people,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and in the final days of his life
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,he implored us to continue to do so
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,for millions more.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,This opportunity is ours for the taking,
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,so let's stop imagining\Na world without ultra poverty
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,and start building that world together.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,Thank you.
Dialogue: 0,9:59:59.99,9:59:59.99,Default,,0000,0000,0000,,(Applause)