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Economic growth is "not enough" to end global poverty, the World Bank has said.
It has urged developing countries to allocate more resources to their extreme poor, including through bigger welfare programmes.
The bank, which last year set itself the goal of ending extreme poverty by 2030, said such measures would increase productivity and growth.
But the impact on poverty of growth alone has its limits, the bank said.
"Even if all countries grow at the same rates as over the past 20 years, and if the income distribution remains unchanged, world poverty will only fall by 10% by 2030, from 17.7% in 2010," said World Bank president Jim Yong Kim.
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Source: BBC
It has urged developing countries to allocate more resources to their extreme poor, including through bigger welfare programmes.
The bank, which last year set itself the goal of ending extreme poverty by 2030, said such measures would increase productivity and growth.
But the impact on poverty of growth alone has its limits, the bank said.
"Even if all countries grow at the same rates as over the past 20 years, and if the income distribution remains unchanged, world poverty will only fall by 10% by 2030, from 17.7% in 2010," said World Bank president Jim Yong Kim.
Click here to read more
Source: BBC
