"In 2013, the World Bank Group announced two goals that would guide
its operations worldwide. First is the eradication of chronic extreme
poverty bringing the number of extremely poor people, defined as those
living on less than 1.25 purchasing power parity (PPP)†“adjusted dollars a
day, to less than 3 percent of the world’s population by 2030.The second is
the boosting of shared prosperity, defined as promoting the growth of per
capita real income of the poorest 40 percent of the population in
each country.
In 2015, United Nations member nations agreed in New York to a set of
post-2015 Sustainable Development Goals (SDGs), the first and foremost
of which is the eradication of extreme poverty everywhere, in all its forms.
Both the language and the spirit of the SDG objective reflect the growing
acceptance of the idea that poverty is a multidimensional concept that
reflects multiple deprivations in various aspects of well-being. That said,
there is much less agreement on
