A World Transformed - Extreme Poverty is Declining
March 21, 2012
For the first time since the World Bank started collecting data in 1981, extreme poverty is declining globally. Despite the economic and food-price increase crises over the past four years, both the number and share of the population living on less than $1.25 a day has fallen in every part of the world. The estimates for 2010 show global poverty that year was half its 1990 level. The world reached the UN's "millennium development goal" of halving world poverty between 1990 and 2015 five years early. This implies that the long-term rate of poverty reduction-slightly over one percentage point a year-continued unabated in 2008-10, despite the dual crisis.
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We envision a world transformed; a world that has been renovated by a global movement of compassion and justice evidenced by the eradication of needless suffering.
