4 hours agoNearly half of the world's population lives on $5.5 a day
Periskopi(8 years ago)
(8 years ago)Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, marking increases in poor countries, the World Bank said Wednesday. In the second annual report, this Bank has more broadly analyzed the issue of poverty, although the figure of [...]
In the second annual report, this Bank has more broadly analysed the issue of poverty, although the figure of people living in extreme poverty, defined when a person earns less than $1.90 a day has continued to decline in recent years.
Based on the findings of the latest report, global poverty is still at a very high level, as economic growth has not been the same for all regions and states.
According to the Bank, the total number of people living in poverty has dropped to more than 68 million people between 2013 and 2015.
Despite progress, however, the report has said that current trends show that the World Bank's intention to reduce the level of extreme poverty to less than three percent of the world's population can be elusive.
With a daily value of $5.50 a day, global poverty has dropped by 46 percent over the 1990-2015 period.
The same Bank has reported last month that extreme poverty has dropped to 10 per cent in 2015, though it has reported once again that economic growth is not equally shared in some countries.
