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The role of universities as centers of knowledge development was a key focus of the talk show titled Higher Education for Impact & Adaptive Graduates, organized by the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM).
The Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), welcomed 51 international students through a series of orientation activities that introduced the academic environment of FEB UGM and the social and cultural life in Yogyakarta.
A widely circulated infographic on social media recently claimed that Indonesia ranks as the second-poorest country in the world, reporting a poverty rate of 60.3 per cent, compared with Zimbabwe’s 84.2 per cent, and attributed the figures to the World Bank.
Lecturer at the Department of Economics, Faculty of Economics and Business, Gadjah Mada University (FEB UGM), as well as the Poverty and Inequality Research Division/EQUITAS (Equitable Transformation for Alleviating Poverty and Inequality), Wisnu Setiadi Nugroho, Ph.D., said that the World Bank has never issued any documents through the Global Poverty Line, Poverty and Inequality Platform (PIP), nor the Macro Poverty Outlook that mentions Indonesia as the second poorest country in the world.
“This narrative does not originate from the World Bank but rather from a misunderstanding and misinterpretation of the concept of purchasing power parity (PPP),” he explained on Thursday (4/2/2026) at FEB UGM.
Wisnu explained that the World Bank relies on purchasing power parity (PPP) based on a poverty line, such as USD 2.15 PPP per capita per day, to measure international poverty rather than converting it using the current exchange rate.
However, many infographics on social media make mistakes, such as multiplying the PPP USD value by the rupiah market exchange rate (±Rp16,000/USD).
Students from the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), have once again achieved outstanding success on the international stage.