In April 2013, the World Bank set a new goal to end extreme poverty in a generation. Our target is to have no more than 3 percent of the world’s population living on just $1.25 a day by 2030.
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— Do you wonder how The World Bank measures poverty? Or perhaps you know, but have a hard time putting it into simple words? This 3-minute video explains the methodology we use to measure and track poverty, and why it matters.