Search results
Results From The WOW.Com Content Network
Global poverty reduction has slowed to a near standstill, with 2020-2030 set to be a lost decade. 8.5 percent of the global population – almost 700 million people – live today on less than $2.15 per day, the extreme poverty line relevant for low-income countries. Three-quarters of all people in extreme poverty live in Sub-Saharan Africa or ...
Almost 700 million people – 8.5 percent of the global population – live today on less than $2.15 per day, the extreme poverty line for low-income countries. Around 3.5 billion people – 44 percent of the global population – live on less than $6.85 per day, the poverty line more relevant for upper-middle-income countries.
Global poverty reduction has slowed to a near standstill. Today, almost 700 million people (8.5 percent of the global population) live in extreme poverty - on less than $2.15 per day. Progress has stalled amid low growth, setbacks due to COVID-19, and increased fragility. Poverty rates in low-income countries are higher than before the pandemic.
The exchange rate depreciated by 21.6% in 2023, and inflation accelerated to 19.9% on average in 2023 (up from 9.3% in 2022). GDP growth is expected to moderate to 4.9% in 2024 and to stabilize around 4.8 % over 2025-26, owing to the mining sector’s deceleration. With the agriculture sector employing over 60% of DRC’s workforce, the economy ...
The international extreme poverty line is set at $2.15 per person per day using 2017 prices. This means that anyone living on less than $2.15 a day is in extreme poverty. Almost 700 million people globally were living in extreme poverty in 2024. Around 3.5 billion people (44 percent of the global population) remain poor by a standard that is ...
The Poverty and Equity Briefs (PEBs) highlight poverty, shared prosperity and inequality trends for over 100 developing countries. The briefs are released twice a year for the Spring and Annual Meetings of the World Bank Group and International Monetary Fund. The Briefs help users understand a country’s poverty and inequality context at-a ...
The World Bank’s new Country Partnership Framework (CPF) for Jamaica for the periof 2024 – 2027 will be reviewed by the World Bank’s Executive Board in May 2024. The new Framework will promote green, resilient, and inclusive development in the context of the country’s continued commitment to debt reduction and fiscal responsibility.
The World Bank Group enjoys a strong partnership with Nigeria through a strategy to support the government in its development’s objectives to end extreme poverty and increase shared prosperity. A new Country Partnership Framework (CPF) was approved in December 2020 to guide the World Bank Group’s support to Nigeria from 2021-2024.
As a result of the PPP update, the global extreme poverty rate for 2019 (the last year for which we have global poverty data) will decrease marginally, from 8.7% to 8.4%, reducing the count of people who live in extreme poverty by 20 million and bringing the total to 648 million. At the $3.65 line (used for lower-middle-income countries), the ...
Guatemala is the largest economy in Central America in terms of population (estimated at 17.6 million in 2023) and economic activity (with a GDP of $104.4 billion in 2023). The country has experienced stable growth, averaging 3.2% between 2014 and 2023, above the Latin American and Caribbean average, supported by prudent fiscal and monetary ...