#World Bank

Indonesia Business Post

World Bank poverty line revision classifies 68.3 percent of Indonesians as poor

The World Bank has introduced a new global poverty threshold for upper-middle-income countries (UMICs), classifying Indonesians earning below US$8.30 (about Rp135,000) per day in 2021 PPP per month as poor and therefore suggesting 68.3 percent of the country’s population falls under the poverty line.

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Civil society groups: Climate funding useless if it is not on target

Global civil society organizations have suggested that despite increase in funding, the effectiveness of the climate financing should be more important than mere quantity, citing that the Multilateral Development Banks (MDBs) funding has so far not gone to the right projects.

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