The World Bank Group set two major objectives in its quest to reduce global poverty: The first is to cut the number of people subsisting on less than $1.25 per day to just 3% of the population by 2030, down from 17.7% in 2010. The second is to track the income advances of “the bottom 40%” rather than tracking nations’ average economic progress. The magnitude and significance of these efforts lead getAbstract to recommend this incisive report to policy makers, NGO executives and anyone concerned with the plight of the global poor.
In this summary, you will learn
- How the World Bank Group is working to lower the percentage of people living in extreme poverty,
- Why monitoring the progress of “the bottom 40%” is important and
- What nations can do to ensure “shared prosperity.”
About the Author
The World Bank Group provides financial and technical assistance to developing countries.