The continued decline in global poverty over the past 100 years particularly in the past three decades is a remarkable achievement. In 1981, 52 percent of the world population lived on less than $1.25 a day. By 2005, that rate had been cut in half, to 25.0 percent, and by 2008 to 22.2 percent...

The report shows that there is good evidence that conditional cash transfers (CCTs) have improved the lives of poor people. Transfers generally have been well targeted to poor households, have raised consumption levels, and have reduced poverty, by a substantial amount in some countries....