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World Bank: Global poverty rate drops to record low 10%

Updated : September 19, 2018 10:43 PM IST

Still, the bank warned that the pace of poverty reduction has slowed, jeopardizing its goal of reducing the poverty rate to 3 percent by 2030.
Poverty dropped everywhere but the Middle East and North Africa, where conflicts in Syria and Yemen ratcheted the poverty rate to 5 percent in 2015 from 2.6 percent in 2013, raising the number of impoverished to 18.6 million from 9.5 million.
World Bank: Global poverty rate drops to record low 10%

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