The World Bank Group (WBG) unveiled Thursday a new report "on the progress that has been made in reducing global poverty, and what challenges remain," Mashable reported.
Included in the said report are statistics on the current poverty situation. Notably, the figures showed that "nearly two-thirds of the extremely poor - that is, those who live on less than $1.25 a day - live in just five countries: India, China, Nigeria, Bangladesh and the Democratic Republic of Congo."
Among the poorest citizens in the world, more than majority of them - about 64% - are from these 5 countries.
Statista's chart showed that "considering population as well, makes clear that the overall situation is much worse in India and Nigeria than it is in China."
"China accounts for 19% of the world's population but for 'only' 13% of the world's poor population. With India it's the other way around: 18% of the world's total population and 33% of the world's poorest population live in India," the statistics portal explained.
This compelling and astonishing information may get some people thinking for a good minute or two
"Global poverty as a whole is in decline. In 1990, 36% of the world's population lived in extreme poverty; in 2010, that number decreased to 18%," the online news source continued. "This year, the WBG President set an interim target to reduce global poverty to 9% by 2020."
The report also made clear that there also are other smaller countries registering extremely high poverty rates, such as Liberia, Burundi, Madagascar and Zambia. More details on this will be released later this year, Mashable said.
Currently, WBG and the International Monetary Fund (IMF) are still conducting their annual meetings in Washington, D.C., which include the participation of many different NGOs and government officials, discussing international development and the economy.
Will they be in accord on how to address the issue of global poverty?
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