The World Bank poverty line is raised from $ 1.25 to $ 1.9 per day

Almaty. October 5. Silkroadnews - The World Bank (WB) raised the poverty line from $1.25 to $1.9 per day. This was stated in the forecast of the World Bank.
"The bank uses refined indicator of the international poverty line of $1.9 per day, calculated with new information about the differences in the cost of living in different countries (using PPP exchange rates). The new poverty line reflects the same level of real purchasing power in the poorest countries of the world as the previous poverty line ($1.25 a day in 2005 prices)", - stated in the information on the bank's website.
Meanwhile, it clarifies that on the basis of this new poverty line, the World Bank predicts decline in poverty in the world from 902 million people, or 12.8% of the total world population in 2012 to 702 million people, or 9.6% of the total world population in the current year.