According to the World Bank, about 702 million people, or 9.6 percent of the world's population, will live below the poverty line this year, mostly in sub-Saharan Africa and Asia. In 2012, that number stood at 902 million, or about 13 percent of the world's population.
This forecast by the World Bank used a new international poverty line of $1.90 a day, an upgrade from the previous line of $1.25 a day, which was set in 2005.
But what does it take to end poverty once and for all? And what does it mean to be poor?
Presenter: Laura Kyle
Aly Khan Satchu - CEO of Rich Management and Emerging Economy Specialist.
Deborah Hardoon - Deputy Head of Research on Poverty and Inequality at Oxfam.
Yan Randolph - Director of Sovereign Risk Analysis at IHS Global Insight.
Source: Al Jazeera