Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Global poverty rate drops to record low 10 pct.

World Bank: Global poverty rate drops to record low 10 pct.

The World Bank said Wednesday that 10 percent of the world’s population lived on less than $1.90 a day in 2015 — the last year for which numbers were available — down from 11.2 percent in 2013. That means 735.9 million people lived below the poverty threshold in 2015, down by 68.3 million from 804.2 million two years earlier.

Still, the bank warned that the pace of poverty reduction has slowed, jeopardizing its goal of reducing the poverty rate to 3 percent by 2030.

Poverty dropped everywhere but the Middle East and North Africa, where conflicts . . .

Read Full Story

Related Posts

Former Puerto Vallarta police commander shot dead in Ixtapa

Former Puerto Vallarta police commander shot dead in Ixtapa

Authorities identified René Méndez Vázquez, a former Puerto Vallarta police commander, as the victim of...
Navy holds 22 tons of illegal seafood in Vallarta warehouse

Navy holds 22 tons of illegal seafood in Vallarta warehouse

Authorities held 22,584 kilos of seafood in a Vallarta warehouse after inspectors said sellers could...
Puerto Vallarta Clears Land for Electric Bus Depot

Puerto Vallarta Clears Land for Electric Bus Depot

Puerto Vallarta approved a 10-year land loan to SITEUR for an electric bus depot and...
Puerto Vallarta moves to help market vendors after fires

Puerto Vallarta moves to help market vendors after fires

Puerto Vallarta approved urgent electrical upgrades at the 5 de Diciembre market and is reviewing...