Pro-poor spending reduces poverty in Ethiopia

The World Bank has released the Ethiopia Poverty Assessment, a country with one of the highest poverty rates in the world in 2000. Today, the country has seen a 33% reduction in poverty (down from 44% in 2000) thanks to agricultural growth and pro-poor spending. Additionally, Ethiopia is one of the most equal countries in Africa, and has been able to maintain low levels of inequality in conjunction with economic growth and development.