Half the world’s poor people live in just 5 countries - Report

Half the world’s poor people live in just 5 countries - Report

- World Bank Poverty (WBP) has listed five countries that have half of the world's poor people

- India, Nigeria, DRC, Ethiopia and Bangladesh all have 368 million poor people living there

- While WBP sees a positive change for India and Bangladesh, it could not say the same of the three other countries

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On Tuesday, June 18, it was revealed that half of the world’s 736 million extremely poor live in just five countries of the world.

According to World Bank Poverty (WBP), those five countries are India, Nigeria, Democratic Republic of Congo, Ethiopia and Bangladesh.

WBP also said what those five countries have in common is that they also happen to be the most populous nations in South Asia and Sub-Saharan Africa, adding that those two regions of the world have 85% (629 million) of the world’s poorest people.

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The World Bank group, therefore, said that to reduce the poverty level in the world to less than three percent in 2030, dealing with extreme poverty in those five countries is very important.

WBP also said that while projections see poverty reducing to zero in 2030 in terms of growth rates in India and Bangladesh, the reverse is the case for countries like Nigeria, DRC and Ethiopia.

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Source: Briefly.co.za

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