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World Bank: Global poverty rate drops to record low 10 pct.

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FILE- This Sept. 10, 2017, file photo shows a night view of the Mangueira slum, seen from a squatter building that used to house the Brazilian Institute of Geography and Statistics IGBE) in the Mangueira slum of Rio de Janeiro, Brazil. Global poverty has fallen to a record low. The World Bank says 10 percent of the world’s population lived on less than .90 a day in 2015, down from 11.2 percent in 2013. That means 735.9 million people lived below the poverty threshold in 2015, down from 804.2 million. (AP Photo/Felipe Dana, File)

WASHINGTON – Global poverty has fallen to a record low.

The World Bank says 10 per cent of the world’s population lived on less than $1.90 a day in 2015, down from 11.2 per cent in 2013. That means 735.9 million people lived below the poverty threshold in 2015, down from 804.2 million.

Poverty dropped everywhere but the Middle East and North Africa, where conflicts in Syria and Yemen pushed the poverty rate up to 5 per cent in 2015 from 2.6 per cent in 2013.

The poverty rate was 41.1 per cent in Sub-Saharan Africa, 12.4 per cent in South Asia, 4.1 per cent in Latin America and the Caribbean, 2.3 per cent in East Asia and the Pacific and 1.5 per cent in Europe and Central Asia.

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