In the News
World Bank adds two new poverty lines
16th October 2017
The World Bank has added two new poverty lines—set at $3.20 and $5.50 a day (PPP) to join the $1.90 a day benchmark.
Two new poverty lines—set at $3.20 and $5.50—are joining the $1.90 International Poverty Line. What this means: https://t.co/T4eURrr2ko pic.twitter.com/Ar12HGUjq8
— World Bank (@WorldBank) October 15, 2017
This blog explains some of the reasoning behind setting three absolute poverty thresholds.
From now onwards the World Bank will set a lower middle-income International Poverty Line, set at $3.20/day; and an upper middle-income International Poverty Line, set at $5.50/day. The $1.90/day measure continues to define the Bank’s goal of ending global extreme poverty by 2030.
Those born into poverty shouldn't be destined to remain that way. How can we break the cycle ? https://t.co/bPgt1Hc067 #EndPoverty pic.twitter.com/sHN0SQzUpO
— World Bank Africa (@WorldBankAfrica) October 17, 2017
- Economics
- Blog
- In the News
- Poverty
- Extreme poverty
- Absolute poverty
- Relative poverty
- Multi-Dimensional Poverty Index (MDPI)
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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