UN Reports 1.2 Billion People Living in Extreme Poverty, World Bank Aims to Reduce Global Poverty Rate to 3% by 2030

United nations and world bank have reported that over 1.2 billion people are living in extreme poverty, primarily in developing countries. the world bank defines extreme poverty as living on less than $1.90 per day and in 2018 they reported that the global poverty rate had fallen to 10.7%. the world bank and united nations have set a goal of ending extreme poverty by 2030, with the world bank aiming to reduce the global poverty rate to 3%.

Poverty rate has been steadily decreasing since the mid-1990s, with the world bank estimating that the number of people living in extreme poverty could be reduced to below 500 million by 2030. governments and international organizations have committed to increasing aid and investment to reduce poverty, and the sustainable development goals are a set of global goals to end poverty and promote sustainable development.

Has a significant impact on people’s access to education, healthcare, and other essential services. it is also linked to higher rates of hunger, malnutrition, disease, infant mortality, and other health issues. social exclusion and discrimination can further exacerbate poverty, and the world bank has identified a number of strategies to reduce poverty, including economic growth, social protection, and financial inclusion. the world bank and other international organizations are working to promote economic growth and reduce poverty in developing countries.


By Evey Lovelace

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