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What is the uniform standard norm …

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What is the uniform standard norm used by the World Bank to define poverty?
  • 1 answers

Yogita Ingle 4 years, 9 months ago

The updated uniform standard used by World bank for poverty line is the minimum amount of 1.90 dollars / day.

  • The minimal income of a person on a daily basis in a specific country is considered as the poverty line.
  • The amount that defines this line is used to compare countries that are developing.
  • The amount of poverty line updated in 2015, October by World Bank is of 1.90 dollars per day globally.
  • This depicts the observation of UNO that the falling of poverty line is seen from 80 percent to 10 percent in 2015.
  • The estimated people living in poverty by UNO is of 735 million.
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