The first Millennium Development Goal (MDG) calls for the development community to reduce the global rate of extreme income poverty—measured by the share of the population living on less than $1 per day—by half between 1990 and 2015. Current trends suggest that if the developing world can maintain the growth momentum of the past 15 years, it will meet this MDG. Numerically, the reduction in the global poverty rate owes the most to impressive advances in China and India, but it has also been helped by acceleration in income growth elsewhere in the developing world in recent years. The past year has seen strong growth and poverty reduction in much of the developing world as a result of improved developing-country policies and a global environment conducive to growth.
Progress toward the Poverty MDG Target, 1990–2002, and a forecast for 2015
Evolution of investment climate indicators in Europe and Central Asia, 2002 and 2005
Primary deficit and public infrastructure investment, Latin America, 1980–2000
Share of bilateral education ODA commitments reported as at least half technical assistance
Annual reductions in child mortality (number of child deaths per 1,000 live births)
High-income countries’ OTRI, overall and toward low-income countries, 2005
Changes in OECD OTRI between 2002 and 2005: as tariffs fall, non-tariff policies become more important
Progress toward the Poverty MDG Target, 1990–2002, and a forecast for 2015
Evolution of investment climate indicators in Europe and Central Asia, 2002 and 2005
Primary deficit and public infrastructure investment, Latin America, 1980–2000
Share of bilateral education ODA commitments reported as at least half technical assistance
Annual reductions in child mortality (number of child deaths per 1,000 live births)
High-income countries’ OTRI, overall and toward low-income countries, 2005
Changes in OECD OTRI between 2002 and 2005: as tariffs fall, non-tariff policies become more important
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