This post was co-authored with Vinod Thomas, Director-General of Independent Evaluation at the Asian Development Bank.
Can extreme poverty be eliminated in the next 20 years? With much of the world still mired in an economic slump, the question might seem ill-timed. Yet, as heads of state arrive in New York on Monday for the 67th United Nations General Assembly, this goal should be at the top of the agenda.
There are two compelling reasons why world leaders should seize this moment. First, this is a crucial chance to build on the hard-won progress in reducing poverty over the past two decades. With the UN-led Millennium Development Goals (MDGs) as a galvanizing force, the number of people living below $1.25 a day fell from some 43 percent in 1990 to about 22 percent in 2008. But far more still needs to be done.