Ending Extreme Poverty and Promoting Shared Prosperity

STORY HIGHLIGHTS

• More than 1 billion people still live in destitution. At the same time, inequality is rising in many developing nations.
  
• The World Bank wants to galvanize international and national support around two goals: to virtually end extreme poverty in a generation and to push for greater equity.
  
• A new Shared Prosperity Indicator will be used to measure income growth of the bottom 40 percent in each country.

While poverty has declined rapidly over the past three decades, humanity continues to face urgent and complex challenges. More than 1 billion people still live in deep poverty, a state of affairs that is morally unacceptable given the resources and technology we have available today. At the same time, rising inequality and social exclusion seems to accompany rising prosperity in many countries. See full Press Release: http://www.worldbank.org/en/news/feature/2013/04/17/ending_extreme_poverty_and_promoting_shared_prosperity