USAID. BUR. FOR ECONOMIC GROWTH, EDUCATION AND ENVIRONMENT. OFC. OF ECONOMIC POLICY
Is $1.82 the new $1.25? : choosing the next international extreme poverty line
This brief summarizes the technical and political issues surrounding the World Bank"s impending choice of a new International Extreme Poverty Line (IEPL) based on the 2011 Purchasing Power Parity (PPP) exchange rates.
Sillers, Don · 2015
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Abstract
The new line, to be announced in July 2015, will succeed the current IEPL, $1.25 per day at 2005 PPP. Significantly, this will be the first such change since President Obama and other world leaders committed the global community to eradicate extreme poverty within a generation. As the metric that will be used to track progress against this bold target, the choice of a new IEPL has attracted considerable attention within the development community. The evidence suggests that the new line will be set at, or very near to, $1.82 per day at 2011 PPP. The brief weighs the merits of this choice. (Author abstract)
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