The World Bank has called for a fresh drive to tackle inequality after warning that the gap between rich and poor risks thwarting its ambition of eliminating extreme poverty by 2030. “Unless we can resume faster global growth and reduce inequality, we risk missing our World Bank target of ending extreme poverty by 2030. Amid a growing backlash against globalisation driven by concerns that the rich have captured the gains of free trade, the Bank said global inequality had declined consistently since 1990. Historic opportunity to end poverty will be lost if we don’t tackle climate change | Jim Yong Kim Read moreThe Bank said within individual countries, the improvement had been patchier. After studying a group of countries including Brazil, Cambodia, Mali, Peru and Tanzania, the Bank said a six-pronged approach was needed to tackle inequality.

Source: The Guardian October 02, 2016 19:52 UTC