Finance:Global Monitoring Report (World Bank)
The Global Monitoring Report was a joint World Bank and International Monetary Fund report that monitored how the world is doing in implementing the policies and actions for achieving the Millennium Development Goals (MDGs) and related development outcomes. Published annually since 2006, the report was discontinued in 2016.
Poverty forecasts
The October 2015 report notes that just over 900 million people (12.8 percent of the world population) were living in extreme poverty (less than $1.90 a day) in 2012, compared with 987 million (14.2 percent of the world population) in 2011. It also projects that by 2015 less than 10% of the world's population will fall under the poverty line.
The October 2015 report revised the official poverty line to $1.90 a day, from $1.25 previously.
The following tables[1] show that Sub-Saharan Africa has the highest percentage of extreme poverty, with 42.6% of its population living below $1.90 a day. Poverty rates are projected to decline in this region through 2030, but remain at very high levels.
| Region | 1990 | 1999 | 2011 | 2012 | 2015p |
|---|---|---|---|---|---|
| East Asia and Pacific | 60.6 | 37.5 | 8.5 | 7.2 | 4.1 |
| Eastern Europe and Central Asia | 1.9 | 7.8 | 2.4 | 2.1 | 1.7 |
| Latin America and the Caribbean | 17.8 | 13.9 | 5.9 | 5.6 | 5.6 |
| Middle East and North Africa | 6.0 | 4.2 | - | - | - |
| South Asia | 50.6 | 41.8 | 22.2 | 18.8 | 13.5 |
| Sub-Saharan Africa | 56.8 | 58.0 | 44.4 | 42.7 | 35.2 |
| Developing world | 44.4 | 34.3 | 16.5 | 14.9 | 11.9 |
| World | 37.1 | 29.1 | 14.1 | 12.7 | 9.6 |
| Region | 1990 | 1999 | 2011 | 2012 | 2015p |
|---|---|---|---|---|---|
| East Asia and Pacific | 995.5 | 689.4 | 173.1 | 147.2 | 82.6 |
| Eastern Europe and Central Asia | 8.8 | 36.8 | 11.4 | 10.1 | 4.4 |
| Latin America and the Caribbean | 78.2 | 71.1 | 35.3 | 33.7 | 29.7 |
| Middle East and North Africa | 13.5 | 11.3 | - | - | - |
| South Asia | 574.6 | 568.0 | 361.7 | 309.2 | 231.3 |
| Sub-Saharan Africa | 287.6 | 374.6 | 393.6 | 388.8 | 347.1 |
| World | 1,958.6 | 1,751.5 | 983.3 | 896.7 | 702.1 |
Table notes and sources.[2]
The World Bank forecasts receive extensive media coverage.[3][4][5][6][7]
See also
- World Economic Outlook (a similar IMF publication)
References
- ↑ World Bank extreme poverty forecasts.
- ↑ See p. 4 of the report for table notes and sources.
- ↑ British Broadcasting Corporation: "World Bank: Extreme poverty 'to fall below 10%'"
- ↑ Canadian Broadcasting Corporation: "World Bank set to redefine extreme poverty as living on $1.90 a day"
- ↑ Chicago Tribune: "Global extreme poverty poised to hit record low, World Bank says"
- ↑ The Telegraph: "Millions to be thrown into poverty as World Bank shifts threshold"
- ↑ Washington Post: "For the first time, less than 10 percent of the world is living in extreme poverty, World Bank says"
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