In September 2000, at the United Nations Millennium Summit, world leaders agreed to eight development goals to be achieved by 2015. The first seven goals focus on (i)eradicating extreme poverty and hunger; (ii)achieving universal primary education; (iii)promoting gender equality and empowering women; (iv)reducing child mortality; (v)improving maternal health; (vi)combating HIV/AIDS, malaria and other diseases; and (vii)ensuring environmental sustainability. The eighth goal calls for the creation of a global partnership for development, with targets for aid, trade, and debt relief. All these goals are very critical in well being of people. However, most of them will remain unachieved if the goal of reducing poverty is not achieved. The Millennium Declaration represents a global consensus on the most pressing challenges to development. In September 2010, with just five years to the target year of 2015, the World Leaders again met in New York to assess the achievement so far and agree on how to speed up the achievement of the MDGs as the deadline approaches. The problem is that the Millennium Summit noted that despite the progress made in achieving the targets of the MDGs there are many countries in the Developing World that are likely to miss the targets when 2015 comes.