Poverty Overview: Development news, research, data | World Bank
WEBApr 2, 2024 · Overview. Around 700 million people live on less than $2.15 per day, the extreme poverty line. Extreme poverty remains concentrated in parts of Sub-Saharan Africa, fragile and conflict-affected areas, and rural areas. After decades of progress, the pace of global poverty reduction began to slow by 2015, in tandem with subdued economic growth.
China Economic Update – December 2021 - World Bank Group
WEBChina’s economy is projected to slow in 2022. After a strong rebound in the first half of 2021, economic activity in China cooled rapidly in the second half of this year. We project real GDP growth to reach 8.0 percent this year, before moderating to 5.1 percent in 2022, says the latest China Economic Update.
Sustainable Finance - World Bank Group
WEBSustainable Finance is the process of taking due account of environmental, social and governance (ESG) considerations when making investment decisions in the financial sector, leading to increased longer-term investments into sustainable economic activities and projects (European Commission). It has become a powerful movement led by regulators ...
Food Security | Rising Food Insecurity - World Bank Group
WEBJul 1, 2024 · Download the latest brief on rising food insecurity and World Bank responses. Since the last update on May 30, 2024, the agricultural, cereal, and export price indices closed 8%, 10%, and 9% lower, respectively. A fall in cocoa (16%) and cotton (11%) prices drove the decrease in the export price index. Maize and wheat prices closed 8% and …
Development Topics - World Bank Group
WEBThe World Bank Group helps developing countries tackle today’s complex, intertwined challenges, from adapting to climate change and addressing food security to ensuring access to education, clean air, water, and energy. Our vision is translated into action and measurable progress using the World Bank Group’s scorecard.
Fact Sheet: An Adjustment to Global Poverty Lines - World Bank …
WEBMay 2, 2022 · Fact Sheet: An Adjustment to Global Poverty Lines. The World Bank updated the global poverty lines in September 2022. The decision, announced in May, follows the release in 2020 of new purchasing power parities (PPPs)—the main data used to convert different currencies into a common, comparable unit and account for price differences …
Education Overview: Development news, research, data | World Bank
WEBMar 25, 2024 · Education is a human right, a powerful driver of development, and one of the strongest instruments for reducing poverty and improving health, gender equality, peace, and stability. It delivers large, consistent returns in terms of income, and is the most important factor to ensure equity and inclusion. For individuals, education promotes ...
Recognizing and tackling a global food crisis - World Bank Group
WEBJan 5, 2023 · This year, acute food insecurity is projected to reach a new peak, surpassing the food crisis experienced in 2007-2008. A combination of factors—including greater poverty and supply chain disruptions in the wake of the COVID-19 pandemic, the war in Ukraine, rising inflation, and high commodity prices—has increased food and nutrition …
Trade has been a powerful driver of economic development and …
WEBFrom 1990 to 2017, developing countries increased their share of global exports from 16 percent to 30 percent; in the same period, the global poverty rate fell from 36 percent to 9 percent. Not all countries have benefited equally, but overall, trade has generated unprecedented prosperity, helping to lift some 1 billion people out of poverty in recent …
Measuring Poverty Overview - World Bank Group
WEBDec 14, 2023 · The international poverty line is set at $2.15 per person per day using 2017 prices. This means that anyone living on less than $2.15 a day is in extreme poverty. About 701 million people globally were in this situation in 2019. The COVID-19 pandemic dealt the biggest setback to global poverty-reduction efforts since 1990, increasing the number ...