The World Bank now measures poverty in 100 countries using more than just money
What happened
The World Bank has expanded how it measures poverty in 100 countries. It now looks at education and basic services, not just how much money people have. This means countries can no longer claim to be reducing poverty just by increasing incomes, if their citizens still lack schools or clean water.
Why it matters
For decades, global poverty was mostly measured by income. This new approach means governments and aid organizations can no longer ignore basic needs like education and infrastructure. It forces a more complete picture of human well-being. This shift could redirect funding and policy efforts towards improving fundamental services, not just boosting economic growth.
The signal
Watch for how development aid and national poverty reduction strategies shift their focus and funding priorities in response to these new, broader measurements.