The ''Global Monitoring Report'' was a joint
World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...
and
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
report that monitored how the world is doing in implementing the policies and actions for achieving the
Millennium Development Goals
In the United Nations, the Millennium Development Goals (MDGs) were eight international development goals for the year 2015 created following the Millennium Summit, following the adoption of the United Nations Millennium Declaration. These w ...
(MDGs) and related development outcomes. Published annually since 2006, the report was discontinued in 2016.
Poverty forecasts
The October 2015 report notes that just over 900 million people (12.8 percent of the world population) were living in
extreme poverty
Extreme poverty is the most severe type of poverty, defined by the United Nations (UN) as "a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, ...
(less than $1.90 a day) in 2012, compared with 987 million (14.2 percent of the world population) in 2011. It also projects that by 2015 less than 10% of the world's population will fall under the poverty line.
The October 2015 report revised the official poverty line to $1.90 a day, from $1.25 previously.
The following tables
[World Bank extreme poverty forecasts.](_blank)
/ref> show that Sub-Saharan Africa has the highest percentage of extreme poverty, with 42.6% of its population living below $1.90 a day. Poverty rates are projected to decline in this region through 2030, but remain at very high levels.
The World Bank forecasts receive extensive media coverage.
See also
* World Economic Outlook
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of l ...
(a similar IMF
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of la ...
publication)
References
{{Reflist
External links
Global Monitoring Report -- websiteGlobal Monitoring Report -- October 2015 report (PDF)
World Bank Group
Economics publications
Economic forecasting