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Sustainable Development

World Bank analysis show that low income countries are lagging behind in race to end poverty

by The Daily Eye Team November 11 2013, 2:46 pm Estimated Reading Time: 0 mins, 37 secs

The World Bank’s analysis emphasises the difficulty of reaching the goal to end poverty by 2030, finding that while the reduction in poverty moved significantly in middle-income countries such as China and India, low-income countries showed much slower progress.

“The finding that over 400 million children live in extreme poverty and children are more likely to be poor than adults is disturbing, since this can exacerbate child labor and create inter-generational poverty traps,” said Kaushik Basu, World Bank Chief Economist and Sr. Vice President, “Hence, if we want to make a sustainable dent on global poverty, this is where we need to focus our attention.”

Read the full World Bank report: http://siteresources.worldbank.org/EXTPREMNET/Resources/EP125.pdf

Read more here.