- CNTV English - CCTV News

WB says extreme poverty population declines, more efforts needed

03-01-2012 10:52 BJT

WASHINGTON, Feb. 29 (Xinhua) -- The World Bank said Wednesday that the extreme poverty population in every region of the developing world declined by 13 million between 2005 and 2008, but more efforts are needed to fight against it.

The Washington-based institution said in a report about 1.29 billion people lived below 1.25 U.S. dollars a day in 2008, equivalent to 22 percent of the population of the developing world.

In 2005, more than 1.38 billion people, or about 25 percent of the population of the developing world, lived under the extreme poverty line, the report said.

About 14 percent of the population in East Asia and the Pacific region lived under extreme poverty line in 2008, down from 17 percent in 2005.

Extreme poverty rate in Eastern Europe and the Central Asia declined to 0.5 percent in 2008, down from 1.3 percent in 2005, according to the report.

Martin Ravallion, director of the Bank's Research Group, said though the developing world has made considerable progress in fighting extreme poverty, around 1 billion people would still live in extreme poverty in 2015 at the current rate of progress.

Jaime Saavedra, director of the World Bank's poverty reduction and equity group, also said "Having 22 percent of people in developing countries still living on less than 1.25 dollars a day and 42 percent with less than 2 dollars a day is intolerable."

He called for continued efforts to fight poverty, including creating more and better jobs, delivering better educational and health services for the vulnerable.

The World Bank said the 1.25-U.S.-dollar marker of extreme poverty is the average of the world's poorest 10 to 20 countries. The median poverty line for developing countries is2 dollars a day.

Editor:Zhang Jianfeng |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program