Despite the impressive progress made by Asia-Pacific nations over the past decade in economic growth, 1.5 billion people in the region still live on less than two U.S. dollars a day, the Asian Development Bank (ADB) said on Thursday.

The statement was made as ADB representatives are highlighting the continuing prevalence of poverty in the region during discussions over the replenishment of the Asian Development Fund, an endowment used to provide grants and low-interest loans to some of Asia and the Pacific’s poorest nations.