Global Poverty Declines, But Challenges Remain: World Bank Updates Poverty Line
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The World Bank has announced an update to its international poverty line, raising the threshold from $2.15 to $3 per day for low-income countries, reflecting rising living costs and improved data on household needs, The Tanzania Times reported. <\/p>\n
Despite progress\u20141.5 billion fewer people live in extreme poverty today than in 1990\u2014an estimated 808 million still endure severe deprivation, with progress now stagnating amid economic crises, climate shocks, and conflict. <\/p>\n
Poverty has become increasingly concentrated in Sub-Saharan Africa, while East Asia and South Asia saw dramatic reductions. Middle-income countries now host 75% of the world\u2019s population, yet gaps persist. <\/p>\n
The Bank\u2019s new “Prosperity Gap” metric highlights disparities between low- and high-income nations, urging targeted policies. \u201cPoverty is multidimensional,\u201d experts stress, noting that non-monetary factors like access to housing and technology must be addressed. With updated data, governments aim to refine anti-poverty strategies\u2014but at current rates, eradication could take decades.<\/p>\n","protected":false},"excerpt":{"rendered":"
Global Poverty Declines, But Challenges Remain: World Bank Updates Poverty Line ……………… The World Bank has announced an update to its international poverty line, raising the threshold from $2.15 to $3 per day for low-income countries, reflecting rising living costs and improved data on household needs, The Tanzania Times reported. Despite progress\u20141.5 billion fewer people …<\/p>\n","protected":false},"author":1,"featured_media":130405,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_108372464460192_245495985553329":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[10047],"tags":[],"class_list":["post-130406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\n