World Bank ten years to increase international poverty line raise 52 to day 12

The World Bank announced on 4th, according to purchasing power parity, the international poverty line standard from the previous $ 1.25 a day, up from 1.9 trillion.

Washington, October 4, the World Bank announced on 4th, according to purchasing power parity, the international poverty line standard from the previous $ 1.25 a day, up from 1.9 trillion. (Editor's Note: equivalent to 52% raised US $ 1.9; about 12 Yuan. ）

Bank is entitled released on the same day that the eradication of absolute poverty and shared prosperity--progress and released the new data in the report of the policy. Under the new standards, from 2012 to 2015, the world expected from 902 million the total number of poor people dropped to 702 million people, the proportion of impoverished population is expected to decline from 12.8% to 9.6%, the first time the proportion of less than 10%.

This is the Bank's first increase in a decade the international poverty line standard. Kaoxike·Basu, World Bank Chief Economist, said the increase was to reflect global price increases since 2005. Bank references today's average inflation in the world's poorest countries, improve on behalf of poverty line, while the actual poverty levels remained unchanged.

The World Bank President Jim Yong Kim said in a statement, poverty continued to decline mainly because developing countries of strong economic growth, as well as in education, health, social welfare, increase the input. But he warned that, given the global economic slowdown and the extent and depth of poverty, in order to realize the 2030 goal of eliminating absolute poverty still need to make great efforts.

World Bank statistics show that East Asia and the Pacific, South Asia and sub-Saharan Africa's poor 95% per cent of the world's poor, sub-Saharan Africa accounts for half of East Asia accounted for 12%. In areas where wars and excessive dependence on commodities exports, particularly deep-rooted problems of poverty. Stock manipulation was fined more than 26 million

In 1990, the Bank selected a set of poverty in the poorest countries, into dollars using purchasing power parity them by calculating the average poverty line is set at one-day moving average around $ 1. In 2005, the Bank carried out a new round of large-scale internationally comparable price data collection, and in accordance with the new PPP data and by the time average of the 15 poorest countries poverty line, raised the international poverty line of 1.25 dollars a day to people.