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Global Poverty Will Hit A New Low By The End Of 2015, Says World Bank

  • JWB Post
  •  October 9, 2015

 

The World Bank has predicted that less than 10% of the world’s population will be living in extreme poverty by the end of 2015.
The Washington-based institution’s latest projections expect the number of people who survive on $1.90 a day to drop from 12.8% of the human population in 2012 to 9.6 percent this year. That means 702 million people still struggle to survive.

World Bank President Jim Yong Kim said, “These projections show us that we are the first generation in human history that can end extreme poverty. This new forecast of poverty falling into the single digits should give us new momentum and help us focus even more clearly on the most effective strategies to end extreme poverty. It will be extraordinarily hard, especially in a period of slower global growth, volatile financial markets, conflicts, high youth unemployment, and the growing impact of climate change. But it remains within our grasp, as long as our high aspirations are matched by country-led plans that help the still millions of people living in extreme poverty.”

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The World Bank noted that suffering will mostly damage the Sub-Saharan African region. The bank thinks that the increase in pollution in the cities of developing nations as another element working against the eradication of poverty overall.

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