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World Bank sets new poverty reduction goal

WASHINGTON (AP) – The World Bank president has set a new goal of reducing extreme poverty to 9 percent by 2020.

Jim Yong Kim said at a news conference on Thursday that 400 million children are still among the world’s most extreme poor, living on under $1.25 per day.

Six months ago, the World Bank set a goal of eliminating extreme poverty worldwide by 2030.

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