Global Monitoring Report (World Bank)
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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[http://www.worldbank.org/en/publication/global-monitoring-report/poverty-forecasts World Bank extreme poverty forecasts.] 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.
| class="wikitable sortable" style="margin:1em left 1em auto;"
|+ Share of population below US$1.90 a day (2011 ppp){{Cite book |last1=World Bank |title=Global Monitoring Report 2015/2016: Development Goals in an Era of Demographic Change |last2=International Monetary Fund |date=2016 |publisher=Washington, DC: World Bank |isbn=978-1-4648-0669-8 |page=6 |language=en |doi=10.1596/978-1-4648-0669-8 |doi-access=free|hdl=10986/22547 }} | |||||
| scope="col" | Region
! scope="col" | 1990 ! scope="col" | 1999 ! scope="col" | 2011 ! scope="col" | 2012 ! scope="col" | 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 |
| class="wikitable sortable" style="margin:1em left 1em auto;" | |||||
| scope="col" | Region
! scope="col" | 1990 ! scope="col" | 1999 ! scope="col" | 2011 ! scope="col" | 2012 ! scope="col" | 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 |
The World Bank forecasts receive extensive media coverage.{{Cite news |date=5 October 2015 |title=World Bank: Extreme poverty 'to fall below 10%' |url=https://www.bbc.com/news/world-34440567 |access-date=7 May 2024 |work=BBC News |language=en-GB}}{{Cite news |date=24 September 2015 |title=World Bank set to redefine extreme poverty as living on $1.90 a day |url=https://www.cbc.ca/news/business/world-bank-poverty-line-1.3241857 |access-date=7 May 2024 |work=Canadian Broadcasting Corporation}}{{Cite news |last=Mayeda |first=Andrew |date=6 October 2015 |title=Global extreme poverty poised to hit record low, World Bank says |url=https://www.chicagotribune.com/news/sns-wp-blm-poverty-a6e7643a-6c25-11e5-91eb-27ad15c2b723-20151006-story.html |archive-url=https://web.archive.org/web/20151104143748/http://www.chicagotribune.com/news/sns-wp-blm-poverty-a6e7643a-6c25-11e5-91eb-27ad15c2b723-20151006-story.html |archive-date=4 November 2015 |work=Chicago Tribune}}{{Cite web |date=24 September 2015 |title=Millions to be thrown into poverty as World Bank shifts threshold |url=https://www.telegraph.co.uk/finance/economics/11887050/Millions-to-be-thrown-into-poverty-as-World-Bank-shifts-threshold.html |access-date=7 May 2024 |website=The Daily Telegraph |language=en}}{{Cite news |last=Taylor |first=Adam |date=5 October 2015 |title=For the first time, less than 10 percent of the world is living in extreme poverty, World Bank says |url=https://www.washingtonpost.com/news/worldviews/wp/2015/10/05/for-the-first-time-less-than-10-percent-of-the-world-is-living-in-extreme-poverty-world-bank-says/ |access-date=7 May 2024 |newspaper=The Washington Post |language=en-US |issn=0190-8286}}
See also
- World Economic Outlook (a similar IMF publication)
References
{{Reflist}}
External links
- [http://www.worldbank.org/gmr Global Monitoring Report -- website]
- [http://pubdocs.worldbank.org/pubdocs/publicdoc/2015/10/503001444058224597/Global-Monitoring-Report-2015.pdf Global Monitoring Report -- October 2015 report (PDF)]