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

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Nearly 400 mn kids facing extreme poverty: World Bank
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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...

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1 year 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
11

1 week ago

Dallas Hospital Where Ebola Hit Sees 53 Percent Drop in ER Visits

Oct 23 2014 3:49pm CDT | Source: Big Government

The Dallas hospital at the center of the nation's first Ebola cases says emergency room visits have plunged 53%. According to the Associated Press, the other metrics for Texas Health Presbyterian Hospital Dallas have nosedived, as well. This includes 21% fewer daily patient visits and a 25% drop in revenue for the first 20 days of October.  Outside of Dallas, Ebola's global economic impact remains unclear. The World Bank estimates that by the end of 2015, Ebola may cost up ...
Source: Big Government   Full article at: Big Government
 

 
Update
10

3 weeks ago

U.S. military arrives in Ebola hot zone

Oct 10 2014 11:03am CDT | Source: WND

MONROVIA, Liberia (AP) — Six U.S. military planes arrived in the Ebola hot zone Thursday with more Marines, as West Africa’s leaders pleaded for the world’s help in dealing with a crisis that one called “a tragedy unforeseen in modern times.” “Our people are dying,” Sierra Leone President Ernest Bai Koroma lamented by videoconference at a World Bank meeting in Washington. He said other countries are not responding fa ...
Source: WND  Full article at: WND
 

 
Update
9

3 weeks ago

IMF Says China World's Largest Economy, Sort Of

Oct 10 2014 9:07am CDT | Source: Big Government

The International Monetary Fund officially announced that China just surpassed the United States as the world’s largest economy, sort of. China’s victory is only on a “Purchasing Power Parity” (PPP) basis. Although Gross Domestic Product is about 50% higher in the U.S., IMF says the total output of goods and services in China are estimated to now be slightly higher than in the U.S. Many economists complain that relying on currency exchange rates to calculate Gross Do ...
Source: Big Government   Full article at: Big Government
 

 
Update
8

3 weeks ago

Ebola Cases Eclipse 8,000 Mark, Total Costs May Exceed $32 Billion

Oct 9 2014 12:50pm CDT | Source: Big Government

The World Health Organization (WHO) has announced in its most recent update that over 8,000 individuals in Liberia, Sierra Leone, and Guinea have contracted the Ebola virus. A breakdown of the numbers shows almost 1,000 documented new cases of Ebola a week over the past few weeks. Of the 8,033 people infected thus far, about 3,865 have died from the virus. WHO released a chart detailing the confirmed infections and deaths in Guinea, Liber ...
Source: Big Government   Full article at: Big Government
 

 
Update
7

3 weeks ago

US military aircraft arrive in Liberia

Oct 9 2014 9:11am CDT | Source: Townhall's

MONROVIA, Liberia (AP) — Presidents of West African countries ravaged by Ebola pleaded for aid at the World Bank on Thurs ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
5

3 weeks ago

The Economic Impact of Ebola

Oct 8 2014 8:00am CDT | Source: Politics - The Huffington Post

The outbreak of Ebola in West Africa has claimed thousands of lives -- more than 3,000 and counting -- and it has the power to take many more. It also has the power to wreck the economies of one of the poorest regions in the world. Whether it does or not will depend on how people and governments behave. To put things in perspective, more than half of the twenty million population of Guinea, Libe ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
4

3 weeks ago

The Fight Against Ebola Is a Fight Against Inequality

Oct 6 2014 1:54pm CDT | Source: Politics - The Huffington Post

As the spread of the Ebola virus in West Africa shows, the importance of reducing inequality could not be more clear. The battle against the virus is a fight on many fronts -- human lives and health foremost among them. But the fight against Ebola is also a fight against inequality. The knowledge and infrastructure to treat the sick and contain the virus exists in high- and middle-income counties. However, over many years, we have failed to make these things accessible to low-inc ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
3

3 weeks ago

Serbia gets $300 million from World Bank to aid floods recovery

Oct 4 2014 2:45pm CDT | Source: Townhall's

BELGRADE (Reuters) - The World Bank has approved a $300 million 30-year loan to help Serbia recover from floods in May that killed 57 pe ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
2

4 weeks ago

The World Next Week: October 2, 2014

Oct 2 2014 2:05pm CDT | Source: Council on Foreign Relations

Protests in Hong Kong attract growing interest; Brazilians vote for a new president; and the IMF and World Bank hold their annu ...
Source: Council on Foreign Relations   Full article at: Council on Foreign Relations
 

 
Update
1

4 weeks 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 ...
Source: Big Government   Full article at: Big Government
 

 

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