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*40% Of Zimbabweans Living In Extreme Poverty - World Bank*
https://www.pindula.co.zw/2022/07/01/40-of-zimbabweans-living-in-extreme-poverty-world-bank/?article

The latest World Bank report indicates that 40 per cent of Zimbabweans are living on less than US$1.90 a day.

The report is based on the multilateral institution’s Poverty and Inequality Platform (PIP), an interactive computational tool that allows users to replicate internationally comparable regional and country-level poverty estimates. It reads in part:

_Extreme poverty rate increased steadily between 2011 and 2020, only declining in 2021._

_International poverty rate was 22% in 2011 and estimated to be 41% in 2021 and 40% in 2022._

_Although poverty remains an overwhelmingly rural phenomenon, it has increased relatively faster in urban areas leading to the urbanisation of poverty._

_Zimbabwe’s PPP was half the level in sub-Saharan African in 2011, but by 2019, it was on par with the rest of the continent (42%)._

_Inequality has also increased over the last decade, with the Gini coefficient increasing from 42 in 2011 to 50,3 in 2019 — among the highest in the world._

The Zimbabwe National Statistics Agency (ZIMSTAT) on Saturday revealed that the country’s annual inflation rose to 191.6 per cent in June from 131.7 per cent in May.

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ZIMSTAT also revealed that the food poverty line (FPL) for one person in June was $13 875 and the total consumption poverty line stood at $18 425.

*More: NewsDay*

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