Low-cost initiatives such as insecticide-treated mosquito nets and child de-worming programmes are proof that the world can take effective action to reduce poverty, a Nobel Prize-winning economist has said, as the world marks the International Day dedicated to its eradication.

Michael Kremer, alongside fellow professors Abhijit Banerjee and Esther Duflo, is the recipient of the 2019 Nobel Prize for Economics, for their research in fighting poverty.

They pioneered what is known as the evidence-based approach to looking at poverty by dividing the problem into smaller, more manageable questions such as focusing on how to improve childhood health.

Dianne Penn spoke to Mr. Kremer and began by asking for his response to winning the Nobel Prize.