News

09 Jul 15 | News

Member of the Commission on Global Poverty set up by the World Bank

The World Bank has set up a new Commission on Global Poverty, chaired by Sir Tony Atkinson, to report on the best ways to measure and monitor poverty around the world and help the World Bank Group achieve its twin goals and track other forms of poverty and deprivation.

In 2013, the World Bank Group announced two objectives that would guide its development work worldwide:
1) the eradication of chronic extreme poverty (target: bringing the number of extremely poor people, defined as those living on less than 1.25 PPP-adjusted dollars a day, to less than 3% of the world population by 2030); and
2) the boosting of shared prosperity (target: promoting the growth of per capita real income of the poorest 40% of the population in each country).

The World Bank has set up a new Commission on Global Poverty, chaired by
Sir Tony Atkinson, to report on the best ways to measure and monitor poverty around the world and help the World Bank Group achieve its twin goals and track other forms of poverty and deprivation.

The Commission is also expected to provide advice on how to adjust the measurement of extreme poverty as and when new Purchasing Power Parity (PPP) and other price and exchange rate data become available.
Tony Atkinson and Kaushik Basu (World Bank’s Chief Economist) have invited
Eric Marlier to join this 24-member Commission, which he has accepted with great pleasure.