The expiry of the Malaysian New Economic Policy (NEP) in 1990 allowed Mahathir to outline his economic vision for Malaysia. In 1991, he announced Vision 2020, under which Malaysia would aim to become a fully developed country within 30 years. The target would require average economic growth of approximately seven per cent of gross domestic product per annum. One of Vision 2020's features would be to gradually break down ethnic barriers. Vision 2020 was accompanied by the NEP's replacement, the National Development Policy (NDP), under which some government programs designed to benefit the Bumiputera exclusively were opened up to other ethnicities. The NDP achieved success out one of its main aims, poverty reduction. By 1995, less than nine per cent of Malaysians lived in poverty, and income inequality had narrowed. Mahathir's government cut corporate taxes and liberalised financial regulations to attract foreign investment. The economy grew by over nine per cent per annum until 1997, prompting other developing countries to emulate Mahathir's policies. Much of the credit for Malaysia's economic development in the 1990s went to Anwar Ibrahim, appointed by Mahathir as finance minister in 1991. The government rode the economic wave and won the 1995 election with an increased majority.