Most of the world's extreme poor live in Sub-Saharan Africa and South Asia. While over 1 in 10 people live in extreme poverty globally, in Sub-Saharan Africa, that figure is 4 in 10, representing 389 million people - that's more poor people than all other regions combined. Read more in the new report on Poverty and Shared Prosperity
As we commemorate the International Day for the Eradication of #Poverty and #Vietnam’s Day for the Poor today, think what’s the most important question you want to ask about reducing poverty in Vietnam. What do you want to know about ensuring equal opportunities? About social #inclusion? Shared prosperity?
Post your questions at www.facebook.com/worldbankvietnam and we will collect the top 5 questions asked within the next two days.
Since the beginnings of the rural economic reform process in 1978, China has played the lead role in the global effort to overcome absolute poverty. The World Bank has, since 1981, assisted China both in the country’s extraordinary overall economic growth and its tremendously successful poverty reduction program.
It has been a great pleasure and privilege to have worked with China’s Leading Group Office for Poverty Reduction (LGOP) since 1990 in their highly successful poverty reduction program. I have seen first-hand the complete elimination of the worst aspects of absolute poverty throughout all of China’s poorest areas. I have hiked into hundreds of poor villages throughout the uplands of western China, where in the 1990s it was common to find villages where many households had not achieved basic food security and most households and children experienced malnutrition, where most school age children would not complete elementary school and where there was no local access to basic health care. Homes lacked road access, drinking water, and other basic infrastructure.
October 17 is the international day to end poverty. There has been much progress toward this important milestone: the World Bank Group’s latest numbers show that since 1990 nearly 1.1 billion people have escaped extreme poverty. Between 2012 and 2013 alone, around 100 million people moved out of extreme poverty. That’s around a quarter of a million people every day. This is cause for optimism.
But extreme poverty and the wrenching circumstances that accompany it persist. Half the world's extreme poor now live in sub-Saharan Africa, and another third live in South Asia. Worldwide nearly 800 million people were still living on less than $1.90 a day in 2013, the latest year for which we have global numbers. Half of these are children. Most have nearly no education. Many of the world's poor are living in fragile and conflict afflicted countries. In a world in which so many have so much, it is unacceptable that so many have so little.
Next week, the international community will gather at Habitat III - the United Nations Conference on Housing and Sustainable Urban Development - to discuss important urban challenges as the world’s cities grow at an unprecedented rate.
Today, 54% of people live in cities and towns. Cities can be magnets for population growth and offer opportunities for jobs and social empowerment; but they can also be a source of congestion, exclusion and impoverishment. Which path of urban growth will prevail depends, in large part, on the quality and availability of mobility solutions. Transport is a structuring element of cities.
The reality of mobility in today’s cities is alarming— especially when measured against the four criteria that define sustainable mobility.
- Sustainable Communities
- united nations
- Air pollution
- urban pollution
- road safety
- fuel efficiency
- transport accessibility
- sustainable mobility
- Sustainable Development
- New Urban Agenda
- Habitat III
- Information and Communication Technologies
- Climate Change
- Urban Development
- Increases in food expenditures
- Children less likely to be severely underweight
- Improvements in child educational achievements
- Increases in share of expenditures devoted to healthcare
Over 80 percent of Pakistanis consistently report that their economic wellbeing has either deteriorated or remained the same. Only 20 percent, disproportionately concentrated in the very top of the distribution, feel that they are better off and similarly small numbers believe that economic conditions have improved for their locality. If we took a poll today, it is possible that many of you would say that extreme poverty has risen rather than fallen.
But in fact, the national data tells a completely different story! According to the national poverty line set in 2001, Moreover, these gains were not concentrated among those close to the poverty line. Even the poorest 5 percent of the population saw an improvement in living standards.
On this bright, sunny Saturday, a Moldovan charity held its traditional fall soccer tournament for local and international organizations, businesses, and diplomatic missions. The purpose of the tournament is a noble one – to collect funds for palliative care services to children and adults suffering from incurable and life-limiting illnesses.
And so the World Bank Moldova soccer team turned up, eager to display our dazzling foot work and dribbling skills (OK, a slight exaggeration, I admit!) A handful of injuries and business trips meant a reduced overall capacity, but that did not deter the rest of us from being determined to win.
Economic shocks can be painful and destructive, especially in fragile countries that can get trapped into a cycle of conflict and violence. Effective policy responses must be implemented quickly and based on evidence. This requires reliable and timely data, which are usually unavailable in such countries. This was particularly true for South Sudan, a country that has faced multiple shocks since its independence in 2011. Recognizing the need for such data in this fragile country to assess economic shocks, the team developed a real-time dashboard to track daily exchange rates and weekly market prices (click here for instructions how to use it).