Poverty and Shared Prosperity 2020

Protecting the most vulnerable: Lessons from the fiscal response to the COVID-19 pandemic

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…

Ruth Hill, Yeon Soo Kim, Ben Brunckhorst|
Competitiveness, Financial Inclusion, Financial Sector, Governance, Inequality and Shared Prosperity, Macroeconomics and Fiscal Management, Poverty, Trade

The end of an era of global income convergence

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…

Nishant Yonzan, Daniel Gerszon Mahler, Christoph Lakner|
Education, Financial Inclusion, Governance, Inequality and Shared Prosperity, Macroeconomics and Fiscal Management, Poverty

Half of the global population lives on less than US$6.85 per person per day

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…

Marta Schoch, Samuel Kofi Tetteh Baah, Christoph Lakner, Jed Friedman|
Financial Inclusion, Governance, Inequality and Shared Prosperity, Poverty

To end extreme poverty, getting back to pre-COVID-19 reduction rates is not enough

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…

Marta Schoch, Nishant Yonzan, Ruth Hill, Christoph Lakner|
Financial Inclusion, Governance, Inequality and Shared Prosperity, Jobs & Development, Poverty, Social Protection

Stepping up the fight against extreme poverty

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…

Pablo Saavedra, Luis Felipe López-Calva|
Climate Change, Competitiveness, Financial Inclusion, Fragility Conflict and Violence, Governance, Inequality and Shared Prosperity, Macroeconomics and Fiscal Management, Poverty