Poverty reduction in the Asia and the Pacific region in 2005-2008 had been quite significant. Despite the global crisis …, an estimated 150 million people exited extreme poverty by 2008 - from 903.4 million in 2005 to 753.5 million, bringing … the percentage of people living under the $1.25 per day poverty line to 21.9% from 27.1% in 2005. Poverty reduction was …

affect the household consumption expenditure and hence poverty. The findings suggest that reduction in remittances will … reduce gross domestic product, investment, and household consumption, which in turn will increase poverty. On the other hand …, the probability of households becoming poor decreases by 12.7% if they receive remittances. The poverty headcount ratio …