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World Bank: lower oil prices serve billion poor
07-03-2015 01:45 PM
World Bank revealed yesterday that the decline in oil prices to the benefit of about one billion poor around the world, as it leads to a decline in commodity prices, especially food.
The bank said in a report released Friday that the drop in world oil prices will lead to falling commodity prices, particularly gas and natural fertilizers and food commodities is reflected on a lot of other goods. He added that the licenses food prices will pour in favor of the majority of the world's poor, who have a large percentage of consumers, where more than 70 percent of the world's poor live in the oil-importing countries. Oil prices have fallen by about 50 percent since mid-June this year. The number of people living in extreme poverty, ie living on less than $ 1.25 a day, the world's one billion people, representing 14.5 percent of the world's population in 2011, compared with 1.25 billion people, representing 18.6 percent of the world's population in 2008, according to international estimates. He hopes the international community in reducing global poverty rates with continued economic growth, down to only 3 percent of the world's population by 2030, according to World Bank data. Recent data issued by the World Bank indicate that sub-Saharan Africa leads the regions of the world, in terms of the proportion of people living in extreme poverty of the total population by up to 46.8 percent. The reach extreme poverty, according to the data to about 1.7 percent in the Middle East and North Africa region. That figure rises to 24.5 percent in the South Asian region, while at about 7.9 percent in East Asia and the Pacific. In Europe and Central Asia that percentage is up to 0.5 percent. And up in Latin America and the Caribbean to 4.6 percent. The data indicate that about 60 percent of the world's poor are concentrated in five countries, namely Bangladesh, China, Democratic Republic of the Congo, India, Nigeria. and reach proportion of people living below the extreme poverty line to 70 percent when you add 5 other countries are Ethiopia Indonesia, Madagascar, Pakistan, Tanzania, to the states mentioned above. Reports indicate that the elderly, children and young people are the most affected by poverty in the world. He guessed the World Bank report yesterday to continue fluctuations in world oil markets and prices remain low over the next few years. on the other hand, the World Bank revealed that the decline in oil prices will lead to an increase in global GDP by between 0.7 to 0.8 percent over the medium term. The World Bank pointed out that the three factors behind the recent decline in oil prices, a rapid increase in the supply of oil from unconventional sources, and change Great in the position of Petroleum Exporting Countries policy (OPEC), and weak global demand. The study added that the previous three factors have been strengthened because of the US dollar's strength and lack of oil production disruptions in the Middle East strongly due to the ongoing conflict in the region. The study suggests that the decline in oil prices for the exporting countries, to him, is a reminder of the points of the underlying weakness in the heavy reliance on oil exports and an opportunity to reinvigorate its efforts to diversify. The study called for the concentration of diversification efforts in the oil-exporting countries to encourage high-value-added activities in the areas of manufacturing, services, and support the development of skills and human capital.
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07-03-2015 01:45 PM
World Bank revealed yesterday that the decline in oil prices to the benefit of about one billion poor around the world, as it leads to a decline in commodity prices, especially food.
The bank said in a report released Friday that the drop in world oil prices will lead to falling commodity prices, particularly gas and natural fertilizers and food commodities is reflected on a lot of other goods. He added that the licenses food prices will pour in favor of the majority of the world's poor, who have a large percentage of consumers, where more than 70 percent of the world's poor live in the oil-importing countries. Oil prices have fallen by about 50 percent since mid-June this year. The number of people living in extreme poverty, ie living on less than $ 1.25 a day, the world's one billion people, representing 14.5 percent of the world's population in 2011, compared with 1.25 billion people, representing 18.6 percent of the world's population in 2008, according to international estimates. He hopes the international community in reducing global poverty rates with continued economic growth, down to only 3 percent of the world's population by 2030, according to World Bank data. Recent data issued by the World Bank indicate that sub-Saharan Africa leads the regions of the world, in terms of the proportion of people living in extreme poverty of the total population by up to 46.8 percent. The reach extreme poverty, according to the data to about 1.7 percent in the Middle East and North Africa region. That figure rises to 24.5 percent in the South Asian region, while at about 7.9 percent in East Asia and the Pacific. In Europe and Central Asia that percentage is up to 0.5 percent. And up in Latin America and the Caribbean to 4.6 percent. The data indicate that about 60 percent of the world's poor are concentrated in five countries, namely Bangladesh, China, Democratic Republic of the Congo, India, Nigeria. and reach proportion of people living below the extreme poverty line to 70 percent when you add 5 other countries are Ethiopia Indonesia, Madagascar, Pakistan, Tanzania, to the states mentioned above. Reports indicate that the elderly, children and young people are the most affected by poverty in the world. He guessed the World Bank report yesterday to continue fluctuations in world oil markets and prices remain low over the next few years. on the other hand, the World Bank revealed that the decline in oil prices will lead to an increase in global GDP by between 0.7 to 0.8 percent over the medium term. The World Bank pointed out that the three factors behind the recent decline in oil prices, a rapid increase in the supply of oil from unconventional sources, and change Great in the position of Petroleum Exporting Countries policy (OPEC), and weak global demand. The study added that the previous three factors have been strengthened because of the US dollar's strength and lack of oil production disruptions in the Middle East strongly due to the ongoing conflict in the region. The study suggests that the decline in oil prices for the exporting countries, to him, is a reminder of the points of the underlying weakness in the heavy reliance on oil exports and an opportunity to reinvigorate its efforts to diversify. The study called for the concentration of diversification efforts in the oil-exporting countries to encourage high-value-added activities in the areas of manufacturing, services, and support the development of skills and human capital.
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