MPDD Seminar Series on "Global Monitoring Report 2015/2016: Development Goals in an Era of Demographic Change"

14 Dec 2015
Bangkok, Thailand

The report details the decline of those living in global poverty, which is reclassified as living on $1.90
or less a day, to a forecast 9.6 percent of the world’s population in 2015 -- a projected 200 million fewer
people living in extreme poverty than in 2012. It also revises world economic growth projections for
2015 down to 3.3 percent on the basis of lower growth prospects in emerging markets.

The Global Monitoring Report also analyzes how profound demographic shifts could alter the course
of global development. The world is undergoing a major population shift that will reshape economic
development for decades. The direction and pace of this transition varies dramatically from country to
country, with differing implications depending on where a country stands on the spectrum of aging and
economic development, the report said.

Philip Schellekens is Lead Economist in the Prospects Group of the Development Economics Vice
Presidency of the World Bank. He is lead author and manager of the Global Monitoring Report and contributes
analytically to other publications, including the Bank’s Global Economic Prospects. Prior to this,
he worked, also with the World Bank, as Senior Country Economist for Brazil, China and Malaysia. Before
joining the World Bank, he worked at the International Monetary Fund in the Asia and Pacific, Monetary
and Capital Markets, and European Departments. His academic training was completed at Harvard University,
the London School of Economics and the University of Antwerp. He held visiting positions at the
Economics Department of the Massachusetts Institute of Technology, the Financial Markets Group, and
the Research Departments of the International Monetary Fund and the Bank of England. He holds a Ph.D.
in Economics from the London School of Economics.