Has MDG of reducing poverty been met?

The World Bank has recently declared that the MDG on poverty reduction has been met. However, it is still shocking to know how many people live on less than $1 a day. The $1 a day poverty line is actually measured by calculating the cost of a basket of goods. This is because $1 is worth different amounts in different countries. This is known as PPP (Purchasing Power Parity). However, despite the World Bank claiming to have met the target some former World Bank economists have criticised the emphasis on people living on $1 a day. They believe that too much emphasis has been placed on handouts (getting people over $1 a day) rather than on economic development.

http://www.bbc.co.uk/news/magazine-17312819