Africa: Continent Could Be Home to 90 Percent of World’s Poor by 2030, World Bank Says

Africa: Continent Could Be Home to 90 Percent of World's Poor by 2030, World Bank Says

What Happened: Africa could be home to 90 percent of the world’s impoverished population by 2030 unless there are substantial efforts to reduce widespread and growing poverty, according to a World Bank report released Oct. 9.

Why It Matters: Increased poverty on the African continent, alongside rapid population growth, could result in growing social tensions as governments struggle to provide social safety nets and infrastructure to ensure a basic standard of living.

Background: Africa is on track to become the world’s most populous continent in the coming decades, prompting governments across the region to seeks ways of reducing poverty after years of positive economic development

SOURCE: Worldview Stratfor | Written by  MIN READOct