Approximately 780 million people from the developing world are suffering from hunger, a U.N. report said in Monterrey, Mexico on Monday.
The report, issued at the U.N. International Conference on Financing for Development, which opened in Monterrey, Mexico, was drafted by the U.N. Food and Agriculture Organization (FAO), the International Agricultural Development Fund (IADF) and the World Food Program (WFP).
The report said out of the 1.2 billion people living in extreme poverty, 75 percent live in rural areas and earn their livings mainly through agricultural work.
According to the regulations set by the United Nations, extreme poverty means earning less than one dollar per day.
The report noted financial aid to agriculture and rural development has been cut by half in the last 15 years.
The U.N. International Conference on Financing for Development is part of a U.N. strategy adopted at the U.N. Millennium Summit in September 2000 to cut by half the number of people living in poverty by 2015.