“The global poverty rate is now lower than it has ever been in recorded history,” World Bank President Jim Yong Kim said. “But if we are going to end poverty by 2030, we need much more investment, particularly in building human capital, to help promote the inclusive growth it will take to reach the remaining poor.” The world is not giving enough aid—with many countries missing a U.N. target of spending 0.7 percent of economic output on aid—or directing it towards those most in need, the London-based Overseas Development Institute think tank said last week. “Middle-income countries get 10 times the amount of aid that low-income countries do and that clearly isn’t a sensible way to give aid,” the report’s author Marcus Manuel told the Thomson Reuters Foundation.

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