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Global poverty halved since 1981, but progress uneven

26th April 2004

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A new World Bank report claims that proportion of people living in extreme poverty, less than $1 a day, was almost halved between 1981 and 2001, from 40% to 21% of global population – however progress has been uneven.

Rapid economic growth in East and South Asia has pulled over 500-million people out of poverty, but the proportion of poor has grown, or fallen only slightly, in many countries in Africa, Latin America and Eastern Europe and Central Asia.

This uneven progress raises concerns that the eight Millennium Development Goals (MDGs) approved by 189 nations in 2000, the first of which is to reduce the 1990 poverty rate by half by 2015, may be beyond reach for some countries. "Economic growth in China and India has delivered a dramatic reduction in the number of poor," said Fran
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