Rethinking Global Poverty Reduction in 2019

Reducing poverty and improving equity
Posted Jan 08, 2019 | Brookings Institution, Homi Kharas, Kristofer Hamel, Martin Hofer

Estimates by World Data Lab put worldwide extreme poverty at the beginning of 2019 at just under 600 million people, the lowest prevalence of extreme poverty - less than 8 percent – in human history. By 2030, this figure is expected to fall to some 436 million. But Homi Kharas, Kristofer Hamel, and Martin Hofer suggest in this report for the Brookings Institution that this level will set the “ceiling” for a new era of even lower single-digit global poverty rates for the foreseeable future. Consequently, only 20 million people are likely to escape extreme poverty in 2019. At this rate, it will take five years for the global number to fall below 500 million - making it nearly impossible to end poverty by 2030.  Africa accounts for just over 60 percent of global poverty, and by the end of 2030, nine of the 10 countries with the poorest people will be in Africa, up from seven countries at present.


https://www.brookings.edu/blog/future-development/2018/12/13/rethinking-global-poverty-reduction-in-2019/?utm_campaign=Brookings Brief&utm_source=hs_email&utm_medium=email&utm_content=68348650

 

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