As the world turns its focus toward the home stretch of ending the likes of world hunger and preventable diseases, eradicating extreme poverty also lands on the agenda. According to the World Bank, extreme poverty will reach an all-time low of less than 10 percent by the end of this year.

However, as great as this news is, millions are still suffering, and it is important to remember the end goal of completely eradicating extreme poverty, both through what has been proven to work and new innovations.

Jim Yong Kim of the World Bank said that “this is the best story in the world today, these projections show us that we are the first generation in human history that can end extreme poverty.”

Knowing this, it is so important to take these findings and act on the opportunity; now is not the time to relax. According to the World Bank, 702 million people (or 9.6 percent of the world) will still be living below the poverty line. Most of these people currently live in sub-Saharan Africa and Asia.

But the progress can be clearly seen when compared with past numbers. In 2012, 902 million people (or 13 percent) still lived in poverty, and that number was higher still at 29 percent in 1999. Since the pledge made by the leaders of the world 15 years ago, more than one billion people have been lifted out of poverty.

Kim believes this steady decline has occurred thanks to a combination of economic growth in developing countries as well as more countries investing in their health and education systems. Resiliency among communities has also been increased through societal safety nets, which help to prevent people from falling back into poverty.

As mentioned above, the work is not over as long as one person still lives in poverty. The world and organizations focused on poverty need to continue to be proactive if they want to be able to completely eradicate extreme poverty.

As Kim says, “This new forecast of poverty falling into the single digits should give us new momentum and help us focus even more clearly on the most effective strategies to end extreme poverty.”

– Drusilla Gibbs

Sources: Al Jazeera 1, Al Jazeera 2, World Bank
Photo: Christianity Today