Monday, March 26, 2012

[IWS] AfDB: POVERTY IS ON THE RETREAT IN AFRICA; the MARKETS; and other matters [online 26 March 2012]

IWS Documented News Service


Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau



African Development Bank (AfDB)


Africa Economic and Financial Brief

Market Brief

Volume 3 • Issue 09

For the period of

Feb 27 - Mar 02, 2012

POVERTY IS ON THE RETREAT IN AFRICA; the MARKETS; and other matters [online 26 March 2012]

[full-text, 7 pages]



Overcoming extreme poverty remains at the top of the development agenda in Africa and this commitment

is paying off but at a slower pace. Recent evidence1 indicates that poverty in Africa and in all the regions of

the world declined over the period 2005-2010. In Africa, the proportion of people living below the poverty

line decreased to 40% in 2008 from 47% in 1990, making it the first ever reversal of the long term poverty

trend (see Figure 1). However, there are disparities in the rate of decline between Africa and other regions. For

example, between 1990 and 2008, the average rate of decline in the poverty headcount for Africa was nearly

twice and three times lower at 9% relative to Asia’s 15% and Latin America’s 24%.




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