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Thursday, September 24, 2015

Global poor to rise as World Bank adjusts poverty line

RUSSIA TODAY - 24 Sep, 2015

The World Bank has dramatically revised its definition of poverty for the first time in 25 years, the Financial Times reports. Anyone earning less than $1.90 a day will be classified as poor, which will greatly increase the number living in poverty.
The last time the World Bank raised the poverty line by 25 cents to the current $1.25 per day was in 1990. The leading countries are meeting on Friday to adopt 17 new so-called "sustainable development goals" that will define global development policy up to 2030.

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