360° Coverage : Nearly 400 mn kids facing extreme poverty: World Bank

10 Updates
Nearly 400 mn kids facing extreme poverty: World Bank
Photo Credit: , Getty Images

Nearly 400 mn kids facing extreme poverty: World Bank

Oct 10 2013, 8:36pm CDT | by IANS

Washington, Oct 11 (IANS) The World Bank has said despite a sharp decline in the number of extremely poor people over the last three decades, about 400 million children still live in abysmal conditions and it requires urgent steps to tackle it.

Washington, Oct 11 — The World Bank has said despite a sharp decline in the number of extremely poor people over the last three decades, about 400 million children still live in abysmal conditions...

Filed under: news

YouTube Videos

 
 
 

50 weeks ago

Nearly 400 mn kids facing extreme poverty: World Bank

Oct 10 2013, 8:36pm CDT | by IANS

Washington, Oct 11 (IANS) The World Bank has said despite a sharp decline in the number of extremely poor people over the last three decades, about 400 million children still live in abysmal conditions and it requires urgent steps to tackle it.

Washington, Oct 11 — The World Bank has said despite a sharp decline in the number of extremely poor people over the last three decades, about 400 million children still live in abysmal conditions and it requires urgent steps to tackle it.

While the World Bank report, released Thursday, found that the poor in 2010 were as bad off as they were in 1981, the only exception were India and China.

The "average" poor person in a low-income country lived on 78 cents a day in 2010, compared to 74 cents a day in 1981. But, in India, the average income of the poor rose to 96 cents in 2010, compared to 84 cents in 1981. In China, the average poor's income rose to 95 cents, compared to 67 cents, the report said.

There was less than 721 million people living in extreme poverty in 2010 -- defined as under $1.25 per day -- compared to that in 1981. But a disproportionate number of children were among them, reported Xinhua citing the World Bank in a report released Thursday.

"We have witnessed an historic movement of people lifting themselves out of poverty over the past three decades. But the number of children living in poverty alone should leave no doubt that there remains much work to do," World Bank President Jim Yong Kim said.

"We can reach our goals of ending poverty and boosting shared prosperity, including sharing that prosperity with future generations, but only if we work together with new urgency.

While the reduction in poverty moved significantly in middle- income countries such as China and India, low-income countries showed much slower progress, the World Bank's report said.

A total of 33 percent of the extremely poor lived in low-income countries in 2010, compared to 13 percent in 1981, noted the report released ahead of the annual meetings of the World Bank and the International Monetary Fund scheduled to start Friday.

"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 labour and create inter-generational poverty traps," said Kaushik Basu, the chief economist and senior vice president at the World Bank.

IANS

Source: IANS

 
Update
10

1 day ago

Hong Kong's 'Umbrella Revolution' Expected to Peak in Next Few Days

Sep 30 2014 4:13pm CDT | Source: Big Government

Starting October 1st, Hong Kong celebrates two days of government holidays which will no doubt be the peak of the recent ‘Umbrella Revolution’.  What started as a protest last Wednesday by university students in Hong Kong has now filled the streets and hearts of many living in Hong Kong. Hong Kong is an island, a city, a country, and is also a part of China.  The country includes Hong Kong, the mega city across the harbor of Kowloon ...
Source: Big Government   Full article at: Big Government
 

 
Update
9

1 day ago

Without Peace, Can There Be Development?

Sep 30 2014 11:14am CDT | Source: Politics - The Huffington Post

As UN Member States follow last week's General Assembly debates with the months-long intergovernmental negotiations around the post-2015 development agenda, this is a critical time to remind all stakeholders that a strong goal on peace and security must remain on the list of proposed Sustainable Development Goals (SDGs), which currently number at 17. War, violence and high levels of crime affect over 1.5 billion peopl ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
8

1 day ago

Venezuela-Exxon arbitration ruling due this week: sources

Sep 30 2014 10:46am CDT | Source: Townhall's

HOUSTON (Reuters) - The World Bank arbitration tribunal will give its final ruling this week on a multi-billion doll ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
7

1 week ago

John Kerry: Mother Nature 'Is Screaming At Us' About Climate Change

Sep 22 2014 11:10am CDT | Source: Politics - The Huffington Post

Secretary of State John Kerry said Mother Nature "is screaming at us" about climate change. According to The Hill and the blog Responding to Climate Change, Kerry made the remarks on Monday, ahead of the United Nations' climate summit in New York. Kerry repeated a claim often made by himself and others in the Obama Administration, that climate change "is the most serious challenge we face on the planet." "You don't have to take my word, or [former Vi ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
6

2 weeks ago

Shadowy Tribunal Will Decide Whether El Salvador Can Protect Itself From Mining Companies

Sep 15 2014 1:41pm CDT | Source: ThinkProgress

CREDIT: Alice Ollstein WASHINGTON, DC — Does a corporation’s right to profit trump a country’s right to protect its land and water? That was the question today before the International Center for the Settlement of Investment Disputes (ICSID), an obscure tribunal housed within the World Bank in Washington, DC. At a hearing closed to the press and the public, the gold mining company OceanaGold claimed the government of El Salvador owes t ...
Source: ThinkProgress   Full article at: ThinkProgress
 

 
Update
4

4 weeks ago

Mass Urbanization Could Lead to Unprecedented Human Creativity - But Only if We Do it Right

Aug 29 2014 11:21am CDT | Source: Politics - The Huffington Post

As billions of people across the world choose to live in cities, urbanization is changing the human condition irreversibly. From small-scale, intimate societies based on subsistence economies experiencing slow change, humans are now increasingly part of globally-connected, fast-paced societies, where interdependencies with billions of strangers and with remote natural environments are the norm. Why? In every human society, cities ha ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
3

6 weeks ago

EDITORIAL: Economic strangulation with red tape

Aug 19 2014 7:09pm CDT | Source: washingtontimes

President Obama knows nothing about making the economy grow. On his watch, America's gross domestic product has inched forward at an annual average of 1.2 percent, according to World Bank data. We're outclassed not only by the usual suspects — Brazil, China and Ind ...
Source: washingtontimes   Full article at: washingtontimes
 

 
Update
2

7 weeks ago

Barriers to Economic Growth in Africa

Aug 13 2014 7:00am CDT | Source: National Center for Policy Analysis

In a report for the Cato Institute, researchers Marian L. Tupy and Dalibor Rohac discuss what African nations need to do to develop and grow. African economies have grown in recent years, undoubtedly a positive development: From 2000 and 2008, gross domestic product rose at a rate of 4.9 percent annually, twice the growth rate that Africa experienced in the 1990s. Between 1990 and 2010, the African population doubled. At the same ...
Source: National Center for Policy Analysis   Full article at: National Center for Policy Analysis
 

 
Update
1

8 weeks ago

Unintended Consequences of Child Labor Laws

Aug 6 2014 7:00am CDT | Source: National Center for Policy Analysis

Stories of children laboring in third world countries for little pay are troubling, says Benjamin Powell, director of the Free Market Institute, but they often result in labor policies that inadvertently hurt those children and their families. Senator Tom Harkin (D-Iowa) introduced a bill in 1993 that would have banned the import of goods from countries that employed children. In response, 50,000 Bangladeshi child ...
Source: National Center for Policy Analysis   Full article at: National Center for Policy Analysis
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Seven killed in Pakistan blast
Islamabad, Oct 2 (IANS) At least seven people, including a Frontier Corps official, were killed and six injured in a blast in a passenger van in Pakistan Thursday.
 
 
Danish parliament approves sending fighter jets to combat IS
Copenhagen , Oct. Oct 2 (IANS) Denmark's parliament Thursday overwhelmingly approved plans to send seven F-16 fighter jets to join the fight against the Islamic State (IS) terrorist organisation in Iraq.
 
 
Pakistan appoints new navy chief
Islamabad, Oct 2 (IANS) Admiral Zakaullah has been named the next chief of the Pakistan Navy, Geo TV reported Thursday.
 
 
Air-dropped Iraqi leaflets warn of attack on Mosul city
Mosul (Iraq), Oct 2 (IANS/EFE) Warning of an impending attack, Iraqi military aircraft Thursday dropped thousands of leaflets on the northern city of Mosul urging residents to avoid strongholds and barracks of the Islamic State (IS) jihadi group, local officials said.
 
 
 

Latest from the Network

UN chief slams terror attacks in Syria
United Nations, Oct 2 (IANS) UN Secretary General Ban Ki-moon has condemned the twin bomb attacks near a school in Syria that killed 31 people. Several children were among those killed in the Wednesday attack in the...
Read more on Politics Balla
 
C.J. Spillman Being Investigated for Sexual Assault
Dallas Cowboys safety C.J. Spillman is being investigated for sexual assault.According to ESPN Dallas' Calvin Watkins and Todd Archer, the alleged incident took place at the Gaylord Hotel on Sept. 20, a day before the...
Read more on Sport Balla
 
Zach Braff defends Kickstarter project
Zach Braff has hit back at criticism of his Kiskstarter project. The multimillionaire actor and filmmaker - who is best known for playing the character of Dr. John Dorian on US sitcom 'Scrubs' - felt his the response to...
Read more on Movie Balla
 
Modi visit very successful: US think tank
Washington, Oct 2 (IANS) Prime Minister Narendra Modi's US visit was "very successful" on many counts as he reached out to various interest groups in the US in unprecedented ways, according to a leading US think tank...
Read more on Politics Balla
 
IOC 'satisfied' with Rio 2016 preparations
Rio de Janeiro, Oct 2 (IANS) The International Olympic Committee (IOC) said it was 'satisfied' with the state of preparations for the Rio 2016 Olympic Games. IOC representatives completed a three-day visit of Rio...
Read more on Sport Balla
 
Asian Games: Indian women paddlers Manika, Ankita ousted
Incheon, Oct 2 (IANS) Indian women paddlers Manika Batra and Ankita Das lost their respective matches and were knocked out of the women's singles table tennis event of the 17th Asian Games here Thursday. Manika was...
Read more on Sport Balla
 
With Modi momentum, US seeks enhanced energy collaboration
Washington, Oct 2 (IANS) With Indian Prime Minister Narendra Modi "providing a new momentum", the US has suggested four areas where India and the US can enhance collaboration in energy and sustainable development. "We...
Read more on Politics Balla
 
Indian women's kabaddi team in final
Incheon, Oct 2 (IANS) Defending champion India stayed on course for their second consecutive Asian Games gold medal in women's kabaddi as they marched into the final, beating Thailand 41-28 in the semi-final at the...
Read more on Sport Balla
 
Obama very pleased with Modi visit
Washington, Oct 2 (IANS) President Barack Obama was "very pleased" with and "enjoyed" Prime Minister Narendra Modi's visit as it reflected the depth of the strong relationship between the US and India, according to the...
Read more on Politics Balla
 
Leonardo DiCaprio won't have a joint birthday party with Kate Winslet
Leonardo DiCaprio refuses to have a joint 40th birthday party with Kate Winslet. The 'Divergent' star - who will celebrate the milestone in October 2015 - has been close friends with the actor for almost 20 years and he...
Read more on Celebrity Balla