The world has achieved its first Millennium Development Goal of cutting extreme poverty in half ahead of the 2015 deadline, a study by the World Bank shows. The bank defines extreme poverty as living on under $1.25 per day, adjusted for purchasing power parity. According to the report, released this week, 1.29 billion people, or 22 per cent of the developing world’s population, live below $1.25 a day, down from 52 per cent in 1981.
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As countries prepare for the ‘Rio+20’ United Nations Conference on Sustainable Development, UNDP is pleased to share this report. It sets out national examples of progress toward sustainable development,