Towards a Rights-Based Poverty Line (April 2008), available from www.neweconomics.org. The World Bank currently defines "extreme poverty" as average daily consumption of S1.25 or less. New theories have emerged regarding the phenomenon of poverty as multidimensional, involving unsustainable livelihoods, lack of access to basic services, discrimination, social exclusion and restrictions on freedom to participate in the community and to explore one's capabilities.