World Bank Says Poverty in Latin America has Reduced

The World Bank (WB) reported that from 2005 to 2008, the number of poor living on less than $1.25 a day fell to record levels in Latin America.

According to the international measure set by the Bank, in 2008, a total of 1,290 million people, equivalent to 22% of the population in developing countries lived in extreme poverty, it means with less than $ 1.25 a day.

According to statistics of the Bank, the first Millennium Development Goal has been met before the 2015 deadline, which was to reduce extreme poverty by half compared to 1990, the same year that the World Bank began to assess accurately systematic and comprehensive poverty in the world.

“This overall reduction over a three-year follow-up is given for the first time since the Bank began monitoring extreme poverty,” it is stated in the text.

(BG)