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The World Bank has said that for the first time less than 10% of the world's population will be living in extreme poverty by the end of 2015.

The bank said it was using a new income figure of $1.90 per day to define extreme poverty, up from $1.25, according to the BBC.

It forecasts that the proportion of the world's population in this category will fall from 12.8% in 2012 to 9.6%.

Reducing poverty in the East Asia and Pacific region was highlighted as being key to global progress.

In the region, 82.6 million are projected to be living in extreme poverty by the end of this year, representing a fall from 7.2% of the population in 2012 to 4.1%.

In 1990, 60% of the area's population (999.2 million) lived in extreme poverty.

However, the report's authors said the "growing concentration of global poverty in sub-Saharan Africa is of great concern".