World Bank To Review Poverty Index Over Inflation, Others

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Naijanews May 4, 2022 7:35 p.m.

World Bank To Review Poverty Index Over Inflation, Others

In other words, the real value of $2.15 in 2017 prices is the same as $1.90 was in 2011 prices.” On the level of poverty in Sub-Saharan Africa, it stated, “However, Sub-Saharan Africa is still the region where extreme poverty is most prevalent.” The World Bank over the years has revised the international poverty line from $1 a day in 1985 purchasing power parities to $1.08 with 1993 PPPs, to $1.25 with 2005 PPPs, and to the $1.90 line with 2011 PPPs used today.

Aside from the current $1.90 international poverty line, the World Bank tracks two other poverty lines that show the typical national poverty lines in lower-middle-income countries ($3.20 per day) and upper-middle-income countries ($5.50).

The rise in the International Poverty Line reflects an increase in the costs of basic food, clothing, and shelter needs in low-income countries between 2011 and 2017, relative to the rest of the world..

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