Getting to Poverty: Lessons from the World Bank’s Record on Supporting Poverty Reduction in Country Programs

The World Bank Group has recently formulated new goals for ending extreme poverty and for boosting shared prosperity. The main elements of this new vision were laid out in the document entitled " A Common Vision for the World Bank Group, " which was discussed by the Bank's Executive Directors on March 21, 2013. This document sets a target to reduce extreme poverty to 3 percent by 2030, and to promote income growth of the bottom 40 percent of the population. These two goals will reinforce the World Bank Group's commitment towards achieving the 2030 Development Goals and prove instrumental in the formulation of Bank strategy going forward.