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Page added on March 4, 2012
Global poverty on the decline: World Bank
The rate of poverty, based on the number of people living on less than $1.5 a day, declined across the developing world between 2005 and 2008, according to a World Bank report.
Around 1.29 billion people lived below the defined poverty line in 2008, which was equivalent to 22 per cent of the population of the developing world. By contrast, 1.94 billion belonged to this extreme poverty category in 1981. The updated figures were available from surveys carried out in nearly 130 countries.
However, the nearly 663 million people who moved above the poverty line over the years are still poor by the standards of middle and high-income countries. “This bunching up just above the extreme poverty line is indicative of the vulnerability facing a great many poor people in the world. And at the current rate of progress, around one billion people would still live in extreme poverty in 2015′, says Mr Martin Ravallion, Director of World Bank Research Group.
The report notes that recent post-2008 analysis revealed that global poverty overall kept falling, although food, fuel and financial crises over the past four years had sometimes sharp negative impacts on vulnerable populations and slowed down the rate of poverty reduction in some countries.
Preliminary survey-based estimates for 2010 indicated that the $1.25-a-day poverty rate had declined to under half of its 1990 value, which meant that the first Millennium Development Goal of halving the extreme poverty level from 1990 has been achieved before the 2015 deadline.
The $1.25 poverty line is the average for the world’s poorest 10-20 countries. A higher $ 2-a-day line revealed less progress than the $ 1.25-a-day cut-off mark. In this case, there was only a modest drop between 1981 and 2008, from 2.59 billion to 2.47 billion.
6 Comments on "Global poverty on the decline: World Bank"
DC on Sun, 4th Mar 2012 6:54 pm
Yes, the ‘world’ bank is such a humane, reliable source of information and help too. I wonder if this information is as reliable as others, like
The recession is over
The un-employment rate is 9% (or w/e you happen to live)
The world is awash with oil!
Inflation is 2%(or w/e your govt claims it is)
dolanbaker on Sun, 4th Mar 2012 7:23 pm
Basing “poverty” on US Dollars is a farce when you consider the fact that the Dollar is being devalued all the time.
Hunger, thirst & inadequite shelter are good indicators of poverty!
Kenz300 on Sun, 4th Mar 2012 7:41 pm
$1.25 a day…… Every country needs to develop a plan to balance population, food, resources, energy and jobs. This never ending population growth is not sustainable and only leads to more poverty, suffering and despair.
kervennic on Sun, 4th Mar 2012 8:17 pm
The local production which does not reach market and the free service of the environement are not accounted in this calculation, which is totally meaningless.
The only thing it tells is how much dependent are people on global trade, this has strictly nothing to do with actual poverty.
Some tribes used to live better than most of industrial workers with zero dollars and they usually prefer to fight dying rather than have dollars.
May be that could be inspirational for some of us…
Anvil on Mon, 5th Mar 2012 3:35 am
oh good more people must be dying of hunger.
BillT on Mon, 5th Mar 2012 4:42 am
$1.25 in 1981 is worth $ $3.05 in todays dolllars according to the US gov’r statistics…actualy it is closer to $5 in today;s purchasing value.
So, to be true, those billions now make $5 per day? Really? Then why does the article say they still make $ 1.25? Of course, it is all lies, but for a world that doesn’t think for themselves, it is ‘good news’.