World Bank Report Challenges Notions of Declining Poverty in Africa
‘Despite the reports for the last several years that significant declines in poverty have taken place in sub-Saharan Africa, a recently-released World Bank study indicates that despite “growth” the actual number of people living in poverty on the continent has increased by 100 million over the last fifteen years.
In an attempt to reiterate and reinforce the view related to poverty decline in Africa, other figures are presented indicating that the proportion of people living in severe economic deprivation has declined, although with rising populations those who are in distress numerically are in fact increasing.
The World Bank presented this report on “End Poverty Day” in Ghana, the first country south of the Sahara which gained its national independence from Britain in 1957. In the recent period Ghana is often championed by many western financial publications as a “success story” within the broader effort to ameliorate poverty and underdevelopment in Africa.’
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