World Bank chief calls for ending extreme poverty by 2030
Tuesday, April 2, 2013
World Bank President Jim Yong Kim called for a commitment by the international community on Tuesday to end extreme poverty by 2030 and to improve the lives of the most vulnerable people living in developing countries.
To reach that goal, Kim said the world need to reduce the number of people living below the poverty line of $1.25 per day to 3 percent globally by 2030, and raise the per capita incomes of the bottom 40 percent of every developing country.
The 3 percent level is a new target for the World Bank, which estimated in 2010 that 21 percent of the global population, or 1.2 billion people, lived extreme poverty.