The majority of the world's poor, by income poverty and multi-dimensional poverty, now live in countries officially classified by the World Bank as middle-income countries. Of course nothing happens when a country crosses a (somewhat) arbitrary threshold in per capita income but it does matter...

"The Monfort Plan is a five-year, forward-looking plan to eradicate extreme poverty from the developing world, and details how microfinance has made a difference in developing countries. This book proposes a new institution, based in the developing world, with the potential to provide basic,...