Wednesday, April 25, 2018
Close  
  • share this

World Bank sets poverty goal

/ 07:28 AM April 21, 2013

WASHINGTON— The World Bank has set a goal of eliminating extreme poverty around the world over the next 17 years.

The World Bank’s policy committee on Saturday approved a proposal to establish the goal of eliminating extreme poverty, defined as living on less than $1.25 per day, by 2030. The World Bank estimates that there are still 1.2 billion people living in extreme poverty with sub-Saharan Africa accounting for more than one-third of the world’s extreme poor.

World Bank President Jim Yong Kim told reporters at a closing news conference that setting a goal of eliminating extreme poverty was, in his words, “an historic moment” for the world.

ADVERTISEMENT

Kim says a world without poverty is no longer a dream and that they have set an expiration date.

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Poverty, World Bank
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2018 INQUIRER.net | All Rights Reserved