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World Bank Reports That the Percentage of People Living in Absolute Poverty Has Halved

Feb 8, 2026 February 8, 2026 1 min read 📰 VOA Persian
📋 Key Takeaway

The World Bank announced a significant reduction in global absolute poverty, with the percentage of extremely poor individuals dropping from 40% to 21% between 1981 and 2001. The report highlights improvements in China and South Asia, while severe poverty in the African Sahel has worsened. This data is crucial for understanding global economic trends and poverty alleviation efforts.

🔍 Quick Context Guide
💡 Bottom Line: The World Bank's report underscores significant global progress in poverty reduction, with implications for economic policy and development strategies worldwide.

👥 Key Players

World Bank MENTIONED
International financial institution
"The World Bank plays a crucial role in global economic development and poverty alleviation efforts, influencing policies and funding in various countries, including Iran."
International Monetary Fund (IMF) MENTIONED
International financial organization
"The IMF provides financial assistance and advice to countries, impacting economic stability and growth, which is relevant for Iran's economic policies."
G-7 countries MENTIONED
Group of seven major advanced economies
"The G-7 influences global economic policies and decisions, which can affect international relations and economic conditions in Iran."

📰 What Happened

The World Bank reported a significant reduction in global absolute poverty, with the percentage of extremely poor individuals dropping from 40% to 21% between 1981 and 2001. The report highlights improvements in China and South Asia, while severe poverty in the African Sahel has worsened.

  • The percentage of people living on less than one dollar a day has decreased significantly.
  • China has made the most notable progress in reducing poverty.

💡 Why It Matters

🇮🇷 For Iran: This reduction in poverty highlights the potential for economic development strategies that Iran could adopt to improve its own economic conditions.
🌍 Regional: The report indicates disparities in poverty reduction, which could influence regional cooperation and economic policies in South Asia and Africa.
🌐 International: The findings may impact international aid strategies and economic policies, particularly in how countries like Iran engage with global financial institutions.

📚 Background

Absolute poverty is defined as living on less than one dollar a day, and its reduction is a key indicator of economic development. The World Bank's role in monitoring and reporting on global poverty is vital for understanding economic trends.

Global poverty alleviation Economic development strategies
📡 Source: NEUTRAL
📊 Confidence: 70%
The World Bank is generally considered a reliable source for economic data, though interpretations of its findings can vary based on political perspectives.

The World Bank states that the percentage of people living in absolute poverty has nearly halved between 1981 and 2001. According to the World Bank, currently, 21% of the world's population consists of extremely poor individuals, defined as those living on less than one dollar a day. Previously, extremely poor people made up 40% of the world's population. The most significant progress in this area has been made in China, with South Asian countries also showing improvements. In contrast, the level of severe poverty in the African Sahel has doubled over the past 20 years. The World Bank released this report on Friday at the beginning of its annual meeting with the International Monetary Fund and the G-7 countries in Washington.

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Translated from the original and edited for English readers. View original source →

Translation confidence: 85%

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