- World’s extreme poverty cut in half since 1990, By Sudeep Reddy, February 29, 2012, Wall Street Journal: “The share of people living in extreme poverty around the world continued to decline in recent years despite financial crises and surging food prices, the World Bank said today. The bank said preliminary estimates for 2010 showed that the world’s extreme poverty rate – people living below $1.25 a day – had fallen to less than half of its 1990 value. That meets the first Millennium Development Goal of halving extreme poverty from its 1990 level, before its 2015 deadline, the Washington-based development institution said…”
- WB sees progress against extreme poverty, February 29, 2012, The Himalayan: “In every region of the developing world, the percentage of people living on less than $1.25-a-day and the number of poor declined between 2005-2008, according to estimates released today by the World Bank (WB). This across-the-board reduction over a three-year monitoring cycle marks a first since the bank began monitoring extreme poverty. Similarly, South Asia witnessed the $1.25-a-day poverty rate fall from 61 per cent to 36 per cent between 1981 and 2005 and fell a further 3.5 percentage points between 2005 and 2008. The proportion of the population living in extreme poverty is now the lowest since 1981, the global agency said, adding that its methodology is based on consumption and income, adjusted for inflation within countries and for purchasing power differences across countries…”
Poverty-related issues in the news, from the Institute for Research on Poverty