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Economy: Poverty declining in the world except in Africa, according to the World Bank  

 


The World Bank has published a study Tuesday showing that the number of people living below the poverty line in the world had dropped sharply between 1981 and 2005, with sharp regional disparities, sub-Saharan Africa continues to suffer. • Even within 1 to $ 1.25 per person per day this poverty line at 2005 prices, to take account of inflation, the number of poor has declined from 1.9 to 1.4 billion in a quarter of a century. In developing countries, "the percentage of the population under the 1.25 dollar per day has been halved, dropping from 52% to 26% between 1981 and 2005," said the World Bank.

 

The institution, however, regretted that this figure is higher than expected. In its estimates, it should be under one billion (985 million), and the current pace, he should 'stay exceeds the billion in 2015. "That is chilling to see that poverty is far more than expected this", said the chief economist der-fâ World Bank,
Justin Lin, at a press conference in Washington. "The reporting of price data improving, we discovered that the cost of living is higher in the developing world as we pen ¬ sions," according to the experts of the institution.
The World Bank is also in its report "difficulty in passing the threshold of $ 2," explaining that "2.6 billion people lived on less than $ 2 a day in 2005, a number essentially unchanged since 1981.
"Many people remain vulnerable to economic contractions, as well as rising prices of food and gasoline since 2005," she added.
Adhering to 1.25 dollar per day, sub-Saharan Africa is the only major region where poverty has stagnated as a percentage (50% in 2005, against 51% in 1981, but with a peak of 58% in 1996) and increase in number (384 million in 2005 against 202 million).
"The depth of poverty is • greater in Africa than in other regions. The average consumption of the poor is lower than elsewhere, about 70 cents per day in 2005," adds the World Bank.
The poor are now more numerous than in East Asia and Pacific, where their numbers (337 million below the poverty line in 2005 against 1088 million in 1981) but more importantly their percentage (18% in 2005, against 80%) dropped. In China, the percentage of poor rose from 84 to 16%, and their number from 835 to 208 million. The region where the number of poor is the highest east South Asia (596 million in 2005 against 548 million, 40% in 2005 against 59%). In Latin America and the Caribbean, where poverty is declining as a percentage (8% in 2005 against 12%) and a stagnant number (45 million - lions in 2005 as in 1981, with a peak of 59 million in 1999). Among the smaller regions, poverty has increased in percent ¬ age as a number in Eastern Europe and Central Asia (5% in 2005 against 2%, against 24 million ¬ 7 mil lion), although the trend is the decline since 2002. In North Africa and Middle East, poverty decreases (5% in 2005 against 9%, and 14 million in 2005 against 15 million). Asked about ways to lower these figures, Mr. Lin said that "maintaining growth is the key", even if it only "it will not eliminate poverty." He cited the need to provide eitiplois,-schooling, and health and social services.
The study is based on a questionnaire realized with 1.2 million households selected at random from 116 "developing countries."
 
Source: AMI/PMD  

 
   

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