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What is Extreme Poverty according to the World Bank?

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What is Extreme Poverty according to the World Bank?
posted Aug 24, 2017 by Sagar Sharma

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Extreme poverty is the situation where even the selected minimum consumption requirements are not met. The UN has defined extreme poverty as a “condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education and information. It depends not only on income but also on access to services.”

The World Bank is the global institution dedicated for fighting poverty. It has developed several attempts to measure and compare poverty levels across countries. One such tool is its international poverty line which is expressed as dollar earnings per day that can meet minimum consumption requirements in all countries. The Bank’s extreme poverty is now emerged as the international scale to measure poverty globally and to make comparisons among countries.

answer Aug 29, 2017 by Mukul Chag