Two-thirds of developing countries are on track or close to meeting the millennium development goal (MDG) targets for extreme poverty and hunger, say the World Bank and the IMF.
According to the Global Monitoring Report, released on Friday in Washington during the Bretton Woods spring meetings, the number of people living in extreme poverty – on less than $1.25 per day – will drop to 883 million by 2015, from 1.4 billion in 2005 and 1.8 billion in 1990.
Maternal and child mortality targets remain among the most intractable of the goals: 40% of developing countries are far from meeting health MDGs, despite unprecedented amounts of aid funnelled into the health sector in the past 10 years.
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