In 2005, there were an estimated 1.4 billion people in the world living in extreme poverty — defined as those living on less than $1.25 per person per day. This is a major challenge for the world and although progress has been made towards reducing the proportion of people in extreme poverty, this progress is endangered by the triple jeopardy of financial, fuel and food price crises.
It is difficult to evaluate the likely effect of these crises on poverty in developing countries, but the World Bank has suggested that the food price crisis alone could have pushed an additional 200 million people into extreme poverty and that the growth slowdown could result in 44 million more people suffering permanent damage as a result of malnutrition.
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