@Mitwah posted:And yet according to The World Bank in Guyana
- Guyana is one of the poorest countries in South America, with 43.4% of the population living on less than US$ 5.50 per person a day in 2011 Purchasing Power Parity (PPP).
Nearly Half the World Lives on Less than $5.50 a Day
Source -- https://www.worldbank.org/en/n...-less-than-550-a-day
WASHINGTON, Oct. 17, 2018 — Economic advances around the world mean that while fewer people live in extreme poverty, almost half the world’s population — 3.4 billion people — still struggles to meet basic needs, the World Bank said.
Living on less than $3.20 per day reflects poverty lines in lower-middle-income countries, while $5.50 a day reflects standards in upper-middle-income countries, the World Bank said in its biennial Poverty and Shared Prosperity Report, “Piecing Together the Poverty Puzzle.”
The World Bank remains committed to achieving the goal of ending extreme poverty, defined as living on less than $1.90 a day, by 2030. The share of the world’s population living in extreme poverty fell to 10 percent in 2015, but the pace of extreme poverty reduction has slowed, the Bank warned on Sept. 19.
Latin America and the Caribbean: The region saw less shared prosperity from 2010 to 2015 than in previous years as its economies were impacted by a slowdown in global commodity prices. The region had almost 11 percent living on less than $3.20 a day and over 26 percent on less than $5.50 a day in 2015. Poverty in non-monetary dimensions such as lack of access to drinking water, adequate sanitation or electricity was much less associated with monetary aspects.
Source & rest of article -- https://www.worldbank.org/en/n...-less-than-550-a-day