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World Bank: Slashing Poverty Requires More Work on Cutting Inequality

The World Bank says stronger efforts to cut inequality are the key to further cuts in extreme poverty around the globe. The data show that 767 million people lived on $1.90 a day in 2013. That is 100 million fewer than the prior year. The 2013 figures are the latest comprehensive data available, and show that 10.7 percent of the world's population was in dire poverty, a decline from 12.4 percent the previous year. World Bank President Jim Yong Kim says the...

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