Economics

In the News

World Bank adds two new poverty lines

Geoff Riley

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.

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. 

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.

Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085

© 2021 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.