JAKARTA, Indonesia: Poverty will remain a critical challenge for Asia and the Pacific in the coming decades, requiring a greater focus on efforts to address food insecurity and economic vulnerability, says a new Asian Development Bank (ADB) report.
Rapid economic growth in the region has led to a dramatic improvement in living standards. Extreme poverty, when measured as income or expenditure of less than $1.25 per person per day in 2005 purchasing power parity terms, could fall to 1.4% by 2030, if current trends continue. A poverty rate below 3% is interpreted as poverty having been eradicated.
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