The World Bank is to make the most dramatic change to its global poverty line for 25 years — raising its measure by a half to about $1.90 per day — in a move likely to swell the statistical ranks of the world’s poor by tens of millions.
The move from $1.25 would be the biggest revision since the World Bank introduced its $1 a day yardstick of global poverty in 1990.
The bank is expected to follow the event by shifting its poverty line to about $1.90 ahead of its annual meetings in Lima, Peru, in early October — a move likely to result in significant shifts in the estimated size and distribution of the planet’s poor.
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