The World Bank has said that for the first time less than 10% of the world’s population will be living in extreme poverty by the end of 2015.
The bank said it was using a new income figure of $1.90 per day to define extreme poverty, up from $1.25.
It forecasts the proportion of the world’s population in this category to fall from 12.8% in 2012 to 9.6%.
However, it said the “growing concentration of global poverty in sub-Saharan Africa is of great concern”.
“The best story in the world today”. End of extreme world poverty within sight says World Bank http://t.co/VN2sWeuvrJ pic.twitter.com/HZLtyN9UYQ
— The Times of London (@thetimes) October 5, 2015