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African Development Report 2015 - Chapter 2: Poverty has declined in Africa, but remains high
There has been increasing recognition of the importance of poverty reduction as a development objective in the economic literature and in policy circles. Indeed, poverty eradication was enshrined as the first Millennium Development Goal, and also tops the Sustainable Development Goals (SDG) list that guides the post-2015 development agenda. The developing world as a whole has experienced a substantial reduction in poverty since the 1980s, at an annual average rate of about 1 percentage point (Chen and Ravallion, 2008). The progress has not been uniform across and within regions, however.