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    World Bank Predicts Extrreme Poverty To Fall Below 10%

    identityissues8 Oct 5, 2015

    1. identityissues8

      identityissues8 Shy Chatter

      Oct 2, 2014
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      World Bank: Extreme poverty 'to fall below 10%'

      The World Bank has said that for the first time less than 10% of the world's population will be living in extreme poverty by the end of 2015.

      The bank said it was using a new income figure of $1.90 per day to define extreme poverty, up from $1.25.

      It forecasts that the proportion of the world's population in this category will fall from 12.8% in 2012 to 9.6%.

      Reducing poverty in the East Asia and Pacific region was highlighted as being key to global progress.

      In the region, 82.6 million are projected to be living in extreme poverty by the end of this year, representing a fall from 7.2% of the population in 2012 to 4.1%.

      In 1990, 60% of the area's population (999.2 million) lived in extreme poverty.

      However, the report's authors said the "growing concentration of global poverty in sub-Saharan Africa is of great concern".

      Extreme poverty in that region is seen as falling from 46.2% in 2012 to 35.2% at the end of 2015.


      World Bank President Jim Yong Kim is right. We are the first generation in human history with the ability to alleviate extreme poverty.
      I still question, however, whether we actually will.
      As great news as this is, I can't help we could have done so much more, so much quicker.