Wednesday, November 7, 2007

Decline in World Poverty Not Reaching the Extreme Poor

The good news is that world poverty is declining. the bad news is that the decline is concentrated in a few countries and is not benefiting the poorest of the poor:

The world’s poorest people are not seeing the benefits of a global decline in the poverty rate driven by Asia’s economic growth in the past 20 years, a report said today.

The report by the International Food Policy Research Institute, based in Washington, said that the world is on track to reach a U.N. target of halving poverty and hunger by 2015. Yet, those living on less than 50 cents a day have benefited the least from poverty-reduction efforts, it said.

It estimated that 162 million people fall into the poorest category in 2004 while some 838 million lived on between 50 cents and $1. Three-quarters of the world’s poorest live in sub-Saharan Africa, the report said

Read it here. A great deal of information about the report itself, including fact sheets, the full report, and even a podcast can be found here.

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