Poverty is not decreasing as the World Bank claims

On the eve of a UN presidential meeting on poverty reduction the mainstream consensus that globalization is reducing poverty around the world was challenged today by Social Watch, a network of 400 civil society organizations in 70 countries. The World Bank latest estimates, announced last August, claim that extreme poverty has been reduced by half in the last 25 years and that therefore the internationally agreed goals for 2015 can be met.

Complete information available at:

www.socialwatch.org/en/avancesyRetrocesos/ICB_2008/index.htm