World Development Indicators 2010 released

This year’s WDI focuses on the Millennium Development Goals (MDGs), now in their 10th year. It shows that considerable progress has been made in reaching these challenging goals. Despite the economic and financial crisis that has swept over the globe, the target to reduce by half the proportion of people living in extreme poverty is still within reach in several developing regions. Home to the most people living on less than $1.25 a day, Asia has accounted for much of this remarkable achievement. Sub-Saharan Africa meanwhile remains off track to meet the income poverty goal.

But progress has been uneven at the country level. Only 49 of 87 countries with data are on track to achieve the poverty target. Some 41 percent of the people in low- and middle-income countries live in countries that are unlikely to achieve the target. And 12 percent live in the 60 countries for which there are insufficient data to assess progress. Continue reading

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