World Bank President Jim Yong Kim on Wednesday said the global development lender will seek to halve extreme poverty by 2020, an interim goal as the bank seeks to fulfill its poverty-fighting targets.
Mr Kim in April called on the international community to reduce the number of people living on $1.25 a day to 3 per cent by 2030, and also raise the incomes of the poorest 40 per cent of the people in every developing country.
At present, 18 per cent of the world's people are in extreme poverty, and Mr Kim said in an interview with a news channel this must fall to 9 per cent in the next seven years in order to fulfill the more ambitious goal by 2030.
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