The probability for drier than normal rainfall is also enhanced for parts of Rwanda, Burundi, eastern Tanzania, and western South Sudan. In parts of Ethiopia, Kenya, Somalia, and Uganda that have been most affected by the recent drought, this could be the 6th failed consecutive rainfall season. 17.22 February 2023, Nairobi (Kenya) - After almost three years of persistent drought conditions, IGAD Climate Prediction and Applications Centre (ICPAC) today announced that below-normal rainfall is expected in most parts of the Greater Horn of Africa (GHA) over the next three months.ĭelegates gathering in Nairobi, Kenya, for the 63rd Greater Horn of Africa Climate Outlook Forum (GHACOF 63) examined the forecast for the March to May (MAM) 2023 season which points towards depressed rainfall and high temperatures. The report launch event will be webcast on World Bank Live at 12:30 p.m. The new measures will allow the World Bank to better monitor poverty in all countries, in multiple aspects of life, and for all individuals in every household. In addition, it will explore new ways of looking at and measuring poverty. The report will also provide data on the World Bank’s other main goal: increasing shared prosperity, defined as raising the incomes of the bottom 40 percent in each country. Poverty at the International Poverty Line of $1.90/day (in 2011 PPP) The Middle East and North Africa region had previously been below 3 percent in 2013, but conflict in Syria and Yemen raised its poverty rate in 2015. Two regions, East Asia and Pacific and Europe and Central Asia, have reduced extreme poverty to below 3 percent. The international poverty line is currently valued at $1.90 in terms of 2011 purchasing power parity, which equalizes its purchasing power across all countries and currencies. The table below summarizes poverty estimates in 20, globally and for all World Bank regions. The World Bank’s preliminary forecast is that extreme poverty has declined to 8.6 percent in 2018. Slowing declines in poverty also reflect falling commodity prices, conflict, and other economic challenges for developing countries. A case in point is Sub-Saharan Africa, where, under all but the most optimistic scenarios, poverty will remain in double digits by 2030, absent significant shifts in policy. The deceleration in global numbers stems mainly from an increasing concentration of extreme poverty in regions where poverty reduction has lagged. But the rate dropped only one percentage point in the two years from 2013 to 2015. In the 25 years from 1990 to 2015, the extreme poverty rate dropped an average of a percentage point per year – from nearly 36% to 10%. 17, End Poverty Day.Ībout half of the world’s countries now have poverty rates below 3 percent, but the report finds that the world as a whole is not on track to achieve the target of less than 3 percent of the world living in extreme poverty by 2030. The estimates will be published in “Poverty and Shared Prosperity 2018: Piecing Together the Poverty Puzzle,” a report to be released on Oct. For their sake, we cannot fail.”ĭespite the tremendous progress in reducing extreme poverty, rates remain stubbornly high in low-income countries and those affected by conflict and political upheaval. “But if we are going to end poverty by 2030, we need much more investment, particularly in building human capital, to help promote the inclusive growth it will take to reach the remaining poor. This is one of the greatest human achievements of our time,” World Bank Group President Jim Yong Kim said. “ Over the last 25 years, more than a billion people have lifted themselves out of extreme poverty, and the global poverty rate is now lower than it has ever been in recorded history. The number of people living on less than $1.90 a day fell during this period by 68 million to 736 million. The percentage of people living in extreme poverty globally fell to a new low of 10 percent in 2015 - the latest number available - down from 11 percent in 2013, reflecting steady but slowing progress, World Bank data show. 19, 2018 Fewer people are living in extreme poverty around the world, but the decline in poverty rates has slowed, raising concerns about achieving the goal of ending poverty by 2030 and pointing to the need for increased pro-poor investments, the World Bank finds.
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