This is the fourth and final blog in a series about how countries can correct course and make progress in global poverty reduction. It identifies key lessons from the pandemic for protecting the…

This is the third blog in a series about how countries can correct course and make progress in global poverty reduction. It analyses global income distribution since the fallout of the COVID-19…

2019, 70 percent of the global population lived in places where the international poverty line might be too low. For this reason, the World Bank reports global poverty numbers at two higher…

In 2020, the COVID-19 crisis caused the most significant setback to global poverty reduction in decades, with 71 million more people living in extreme poverty in that year compared to 2019. But a…

The World Bank's 2022 Poverty and Shared Prosperity report offers the first comprehensive look at the global landscape of poverty in the aftermath of COVID-19—showing what fiscal policies…

Since the introduction of the dollar-a-day poverty line in the 1990 World Development Report, the World Bank has used purchasing power parities (PPPs) — exchange rates that account for relative…

We need to address vulnerability to poverty if we are to make sustained progress in raising living standards for the less well-off. We must do this by creating mechanisms that allow the poor and…

The COVID-19 pandemic has pushed about 120 million people into extreme poverty over the last year in mostly low- and middle-income countries, according to estimates by World Bank researchers.

Extreme poverty will become a predominantly Sub-Saharan African phenomenon in the coming decade and the continent will be home to the lion’s share of the global poor by 2030. The recently…

One reason behind the slowdown in global extreme poverty reduction is the slow progress in Sub-Saharan Africa. The latest estimates show that the regional poverty rate decreased by 1.6 percentage…