The world has made remarkable progress in reducing
extreme poverty. In 1990, close to half of the people
in developing regions lived on less than $1.25 a day.
This rate dropped to 22 per cent by 2010. This means
that the world reached the MDG target—of halving the
proportion of people living in extreme poverty—five years
ahead of the 2015 deadline. Meantime, the absolute
number of people living in extreme poverty fell from 1.9 billion in 1990 to 1.2 billion in 2010. Despite this overall
achievement, progress on poverty reduction has been
uneven. Some regions, such as Eastern Asia and South-
Eastern Asia, have met the target of halving the extreme
poverty rate, whereas other regions, such as sub-Saharan
Africa and Southern Asia, still lag behind. According
to World Bank projections, sub-Saharan Africa will be
unlikely to meet the target by 2015.
The world has made remarkable progress in reducing
extreme poverty. In 1990, close to half of the people
in developing regions lived on less than $1.25 a day.
This rate dropped to 22 per cent by 2010. This means
that the world reached the MDG target—of halving the
proportion of people living in extreme poverty—five years
ahead of the 2015 deadline. Meantime, the absolute
number of people living in extreme poverty fell from 1.9 billion in 1990 to 1.2 billion in 2010. Despite this overall
achievement, progress on poverty reduction has been
uneven. Some regions, such as Eastern Asia and South-
Eastern Asia, have met the target of halving the extreme
poverty rate, whereas other regions, such as sub-Saharan
Africa and Southern Asia, still lag behind. According
to World Bank projections, sub-Saharan Africa will be
unlikely to meet the target by 2015.
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