In 1990, 93 percent of the world’s poor lived in LICs. In 2007-2008,75 per cent of the world’s poor—approximately 1.3 billion—lived in middle-income countries (MICs), while about 25 per cent of the world’s poor, approximately 370 million, lived in the 39 LICs, largely in sub-Saharan Africa. Besides China and India, the share of global poverty accounted for by other MICs has risen from 7 to 22 per cent.