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With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone what is half of 3 benefits from economic growth.
Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 17, 2018 — Economic advances around the world mean that while fewer people live in extreme poverty, almost half the world’s population — 3. 4 billion people — still struggles to meet basic needs, the World Bank said. The share of the world’s population living in extreme poverty fell to 10 percent in 2015, but the pace of extreme poverty reduction has slowed, the Bank warned on Sept. However, given that economic growth means that a much greater proportion of the world’s poor now live in wealthier countries, additional poverty lines and a broader understanding of poverty are crucial to fully fighting it, the report says.
World Bank Group President Jim Yong Kim. At the same time, we can take a broader view of poverty at different levels and dimensions around the world. This view reveals that poverty is more widespread and entrenched, underlining the importance of investing in people. While rates of extreme poverty have declined substantially, falling from 36 percent in 1990, the report’s expanded examination of the nature of poverty demonstrates the magnitude of the challenge in eradicating it.
The report also goes beyond monetary measures of poverty to understand how access to adequate water and sanitation, education, or electricity affect a family’s well-being. And since the burdens of poverty often fall most heavily on women and children, the report analyzes how poverty can vary within a household. The report finds that the incomes of the poorest 40 percent grew in 70 of the 91 economies monitored. In more than half of the economies, their incomes grew faster than the average, meaning they were getting a bigger share of the economic pie. However, progress in sharing prosperity lagged in some regions of the world. The report also warns that data needed to assess shared prosperity is weakest in the very countries that most need it to improve. The new measures allow the World Bank to better monitor poverty in all countries, in multiple aspects of life, and for all individuals in every household.
End Poverty Day and will be accompanied by a launch event to be webcast on World Bank Live at 12:30 p. East Asia and Pacific: The region was one of the best performers in shared prosperity: The incomes of the poorest 40 percent of the population grew on average 4. 7 percent between 2010 and 2015. While extreme poverty is very low, the region saw a higher percentage of people lacking access to sanitation. Europe and Central Asia: Many countries in the region suffered setbacks in the growth of incomes of its bottom 40. On the other hand, several economies whose bottom 40 suffered large declines because of the financial and the debt crises were recovering. Latin America and the Caribbean: The region saw less shared prosperity from 2010 to 2015 than in previous years as its economies were impacted by a slowdown in global commodity prices.
Poverty in non-monetary dimensions such as lack of access to drinking water, adequate sanitation or electricity was much less associated with monetary aspects. 90 a day, levels of extreme poverty remained low. 50 per day in 2015 than in 1990. Additionally, almost one in seven people lacks adequate sanitation. South Asia: the region saw impressive growth of the incomes of its bottom 40 between 2010 and 2015. Sub-Saharan Africa: A third of the countries in the region experienced negative income growth for the bottom 40 percent of their populations.
The World Bank Group, All Rights Reserved. The players pair up for a vertigo-inducing challenge, Tori’s fragile relationship with Jordan is threatened by one choice, and TJ changes the game’s trajectory with the mother of all twists. Pregnant women, and Coach B has the moms and “glam-mas” wading through their messiest emotional issues. Untucked – One Night Only, Pt.
