King's College London research finds the World Bank's international poverty line method inaccurate, affecting aid allocation and up to 190 million people.
King's College London research reveals that the World Bank's current international poverty line method may be inaccurate, hindering effective foreign aid allocation. The study, led by Dr. Michail Moatsos, criticizes the outdated purchasing power parity calculations, which could affect up to 190 million people. The researchers argue that the one-size-fits-all approach should be replaced with the UN's Copenhagen Declaration on Social Development's definition of absolute poverty for improved accuracy in global poverty statistics.
July 16, 2024
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