Global Monitoring Report (World Bank)

The ''Global Monitoring Report'' was a joint World Bank and International Monetary Fund report that monitored how the world is doing in implementing the policies and actions for achieving the Millennium Development Goals (MDGs) and related development outcomes. Published annually since 2006, the report was discontinued in 2016.

Poverty forecasts

The October 2015 report notes that just over 900 million people (12.8 percent of the world population) were living in extreme poverty (less than $1.90 a day) in 2012, compared with 987 million (14.2 percent of the world population) in 2011. It also projects that by 2015 less than 10% of the world's population will fall under the poverty line.

The October 2015 report revised the official poverty line to $1.90 a day, from $1.25 previously.

The following tablesWorld Bank extreme poverty forecasts.
/ref> show that Sub-Saharan Africa has the highest percentage of extreme poverty, with 42.6% of its population living below $1.90 a day. Poverty rates are projected to decline in this region through 2030, but remain at very high levels.

''Table notes and sources.''See p. 4 of the report for table notes and sources.
/ref>

The World Bank forecasts receive extensive media coverage.British Broadcasting Corporation: "World Bank: Extreme poverty 'to fall below 10%'"
/ref>Canadian Broadcasting Corporation: "World Bank set to redefine extreme poverty as living on $1.90 a day"
/ref>
/ref>
/ref>Washington Post: "For the first time, less than 10 percent of the world is living in extreme poverty, World Bank says"
/ref>

See also

* World Economic Outlook (a similar IMF publication)

References

{{Reflist

External links

Global Monitoring Report -- websiteGlobal Monitoring Report -- October 2015 report (PDF)

World Bank Group
Economics publications
Economic forecasting