Global ex­treme poverty falls

Down to Earth - - THE FORTNIGHT -

world­wide con­tin­ues to fall de­spite the bad state of the global econ­omy, ac­cord­ing to a World Bank study. How­ever, the re­port warns that given the pro­jected growth trends, re­duc­ing high in­equal­ity may be nec­es­sary if ex­treme poverty is to be re­duced by 2030. In 60 of the 83 coun­tries it cov­ered, av­er­age in­comes went up for 40 per cent peo­ple at the bot­tom of the eco­nomic pyra­mid be­tween 2008 and 2013, de­spite fi­nan­cial cri­sis. Nearly 800 mil­lion peo­ple lived on less than US $ 1.90 a day in 2013, and the num­ber of ex­tremely poor had re­duced by 100 mil­lion since 2012. Progress on ex­treme poverty was driven mainly by East Asia and the Pa­cific, es­pe­cially China, In­done­sia and In­dia. Half of the world's ex­treme poor now live in Sub-Sa­ha­ran Africa and a third live in South Asia. The study is ti­tled kPoverty and Shared Pros­per­ity 2016: Tak­ing on in­equal­i­tyy.„

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.