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Meeting the Poverty Challenge: Progress toward the Goals Progress to Date Substantial progress in poverty reduction has been made in some areas. In the 1990s significant progress was made in reducing income poverty in East Asia before the 1997 financial crisis, and the negative impact of the crisis was partially reversed during the subsequent recovery. The share of people living below $1 per day also declined in Latin America and the Caribbean, and in South Asia, although the number of poor people still increased in South Asia because of population growth. On average, poverty declined in fast-growing countries and increased in countries experiencing stagnation or contraction. Prospects for 2015 Projections indicate that, if developing countries average per capita gross domestic product (GDP) were to grow at a sustained rate of 3.7 percent ("base case" in the graphs)--higher than the 1990s average of 1.8 percent and the 2.3 percent average of the low case used for the graphs--the global incidence of absolute poverty could decline from 23 percent in 1998 to 13 percent in 2015. The number of poor could drop from 1.2 billion to less than 800 million. But many countries, especially in Africa, would still not reach the goal of halving poverty by 2015. | |
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The International Development Goals: A Particular Challenge for Africa
But breaking the cycle of impoverishment is possible: in countries such as Ethiopia, Ghana, Mauritania, and Uganda, sustained economic recovery and stability have helped reduce poverty and improve living conditions.
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