KUALA LUMPUR, July 18 (Bernama): The World Bank has commended Malaysia’s recent poverty line income (PLI) revision from RM980 to RM2,208, saying that the decision would enable the government to ensure that all Malaysians could achieve this new minimum standard of living which is more consistent with its current economic climate.
World Bank senior economist Kenneth Simler said prior to last week's revision, Malaysia’s poverty line methodology hadn’t been updated since 2005 and the value of the poverty line in real terms had hardly changed since Malaysia’s original PLI was established in 1977.
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