Extreme poverty afflicts more than one in five people, according to the World Bank. The institution's new president, Jim Yong Kim, speaks of the need to "bend the arc of history in order to eliminate extreme poverty and achieve shared prosperity".
At a time when his bank's resources as well as the budgetary resources of governments are limited, Braziloffers important lessons on how to eliminate extreme poverty and reduce inequality. Perhaps the biggest lesson is that real progress can be achieved in a cost-effective manner if the programmes are targeted well.
An Unlikely Success Story Brazil, my home country, is an unlikely success story. It has long been known for having one of the most unequal levels of income distribution. This changed when Lula was elected as president in 2002. He ran on the platform of boosting social and economic inclusion and fighting poverty and inequality - and to achieve that goal within a single generation.