by José Cuesta, Mario Negre, Timm Bönke et al.
International Bank for Reconstruction and Development/The World Bank, 2016
On April 20, 2013, the Board of Executive Directors of the World Bank adopted two ambitious goals: end global extreme poverty and promote shared prosperity in every country in a sustainable way. This implies reducing the poverty headcount ratio from 10.7 percent globally in 2013 to 3.0 percent by 2030 and fostering the growth in the income or the consumption expenditure of the poorest 40 percent of the population (the bottom 40) in each country. These two goals are part of a wider international development agenda and are intimately related to United Nation’s Sustainable Development Goals 1 and 10, respectively, which have been adopted by the global community.