A new Basic Capabilities Index (BCI), published by civil society network Social Watch, is “closer to reality than the one-dollar-a-day line of the World Bank”, according to Social Watch director Roberto Bissio. The BCI is derived from wellbeing indicators including malnutrition, child delivery and primary education. The Bank adjusted its measurement to $1.25 a day in 2008 but it was still criticised for being too low and not suitable for cross-country comparison (see Update 62). Whilst the World Bank claims that, globally, average poverty was halved between 1980 and 2005, the BCI shows very slow progress in the last 20 years, with the BCI only rising from 79.3 to 87.1 points between 1990 and 2011.
World Bank Enabling the Business of Agriculture rankings prescribe land privatisation at the expense of family farmers, pastoralists, and Indigenous Peoples.
As debt crises across the African continent continue to soar, concerns are raised about the gendered impact of debt-servicing conditions imposed by international financial institutions.
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