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The share of the world living in extreme poverty continues to shrink, but at a much slower rate, according to a new report by the World Bank.

Expand chart
Data: World Bank; Note: South Asia's latest value is from 2013; Chart: Andrew Witherspoon/Axios

The big picture: Only 10% of the world's population in 2015 lived on less than $1.90 a day, down from 11% in 2013. The World Bank predicts that share will be just 8.6% in 2018.

  • The good news: "About half of the world’s countries now have poverty rates below 3 percent," according to the report.
  • The bad news. The rate of decline has slowed globally, largely due to areas with high concentration of poverty such as in Sub-Saharan Africa, which is expected to still have a double-digit share of the population in extreme poverty by 2030.
  • In the Middle East and North Africa, the share of those in extreme poverty has risen above 3% over the past couple of years due to the conflict and violence in Syria and Yemen.
  • Because of areas with extremely high rates of poverty, the goal of having less than 3% of the world live in extreme poverty within the next 12 years might be unattainable.
“[I]f we are going to end poverty by 2030, we need much more investment, particularly in building human capital, to help promote the inclusive growth it will take to reach the remaining poor.”
— World Bank Group President Jim Yong Kim said in a statement

Go deeper

Updated 19 mins ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of Trump loyalist Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.

Updated 4 hours ago - Politics & Policy

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  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong puts tens of thousands on lockdown as cases surge — Pfizer to supply 40 million vaccine doses to lower-income countries — Brazil begins distributing AstraZeneca vaccine.
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DOJ: Capitol rioter threatened to "assassinate" Alexandria Ocasio-Cortez

Supporters of former President Trump storm the U.S. Captiol on Jan. 6. Photo: Kent Nishimura / Los Angeles Times via Getty Images

A Texas man who has been charged with storming the U.S. Capitol in the deadly Jan. 6 siege posted death threats against Rep. Alexandria Ocasio-Cortez (D-N.Y.), the Department of Justice said.

The big picture: Garret Miller faces five charges in connection to the riot by supporters of former President Trump, including violent entry and disorderly conduct on Capitol grounds and making threats. According to court documents, Miller posted violent threats online the day of the siege, including tweeting “Assassinate AOC.”