In the News
World Bank adds two new poverty lines
16th October 2017
The World Bank has added two new poverty lines—set at $3.20 and $5.50 a day (PPP) to join the $1.90 a day benchmark.
This blog explains some of the reasoning behind setting three absolute poverty thresholds.
From now onwards the World Bank will set a lower middle-income International Poverty Line, set at $3.20/day; and an upper middle-income International Poverty Line, set at $5.50/day. The $1.90/day measure continues to define the Bank’s goal of ending global extreme poverty by 2030.
- Economics
- Blog
- In the News
- Poverty
- Extreme poverty
- Absolute poverty
- Relative poverty
- Multi-Dimensional Poverty Index (MDPI)
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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