China, the World Bank, and the truth about global poverty

China, the World Bank, and the truth about global poverty

The World Bank’s poverty line is inaccurate and out of date – an error that obscures the feebleness of market solutions

By: Alfredo Schramm Paraguay has made remarkable progress in poverty reduction over the past two decades, demonstrating a significant capacity to implement effective economic and social development policies. To consolidate these achievements and accelerate progress towards sustained poverty reduction, it needs to focus on three key areas: creation and access to quality jobs, strengthening human capital, and increasing resilience to external shoc…