The number of poor people in Sub-Saharan Africa and South Asia will remain extremely high in 2030, according to a report released Wednesday in Washington by the World Bank and the International Monetary Fund (IMF), on the eve of the annual meetings of these two international financial institutions.
Forecasts of the report indicate that poverty rate will remain extremely high in South Asia and Sub-Saharan Africa, where live 377 million of the 412 million poor people in 2030.
In 2011, these two regions would home 814 million poor.
In fact, the 2014-2015 Global Monitoring report states that much progress has already been made in reducing the incidence of extreme poverty worldwide, i.e. the proportion of people living on less than USD 1.25 per day to live.
However, the number of poor remains far too high. They were a little over than one billion in 2011, i.e. 14% of the world population against 1.2 billion in 2008 (19%).
For the first time, the same document closely examines the double goal the WB set, namely to end extreme poverty by 2030 and promote shared prosperity by increasing the income growth of the 40% poorest ones.
The 2014-2015 edition of the report assessed, moreover, the progress made regarding the Millennium Development Goals (MDGs), which inspired this dual objective.