World Bank forecasts - The world will cope with poverty

05.10.2015
World Bank forecasts - The world will cope with poverty

By the end of the year is expected poverty to fall to historically low levels, the forecast is below 10% of the world affected by poverty, regardless of the alarming developments in Africa.

"We can find ourselves the first generation in history that will overcome extreme poverty," the report stated Bank President Jim Yong-kim.

According to recent data from 2012. the world's poor were 902 million, which is about 13% of the world population, while in 1999 this share was 29% of the world population.

Reducing extreme poverty due to economic growth, investment in education and health, as well as higher social protection.

Contrary to reduce poverty in India and Latin America, in Africa and the Sahara extreme poverty is growing. In this area live 50% of the poorest people in the world.

"The growing concentration of poverty in sub-Saharan Africa is extremely worrying. This area failed to keep the pace of poverty reduction in the rest of the world," the report said.

In Madagascar and the Democratic Republic of Congo poverty situation is very alarming. About 80% of the population in these countries live on the poverty line.

The World Bank does not have favorable expectations on poverty in the Middle East and North Africa due to military conflicts that lead there. Migration of fleeing civilians also optimistic forecasts put into question.

However, the threshold of extreme poverty rose to 1.9 dollars a day, while in 2012. It was $ 1.25 per day.

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