World Bank seeks to halve global extreme poverty by 2020


WASHINGTON: World Bank President Jim Yong Kim said on Wednesday the global development lender must work to halve extreme poverty in the next seven years if it is to reach a more ambitious target set for 2030.

Kim in April set a goal to reduce the number of people around the world living on $1.25 a day to 3 percent by 2030. It is 18 percent now.

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