We exceeded it. This year, global poverty is going to fall to 12 percent.
This is such an incredibly encouraging statistic! I’m honestly a bit surprised I have never heard about this success before, although I think what surprises me even more is that the baseline in 1990 was a whopping 36%! Looking at some more recent statistics, it appears the rate dropped to 9.2% in 2017. According to a report from The World Bank, however, 2020 may have caused our first regression in several years. While this press release was written in October and the information shared is merely speculative, they believe that the pandemic may cause as may as 1.4% of the world population to sink backward into extreme poverty.
Here is the press report: https://www.worldbank.org/en/news/press-release/2020/10/07/covid-19-to-add-as-many-as-150-million-extreme-poor-by-2021