World Bank sets poverty goal

SHARES:

07:28 AM April 21st, 2013

April 21st, 2013 07:28 AM

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.

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

Disclaimer: Comments do not represent the views of INQUIRER.net. We reserve the right to exclude comments which are inconsistent with our editorial standards. FULL DISCLAIMER

For feedback, complaints, or inquiries, contact us.