Poverty and Shared Prosperity Report: World Bank

News: The World Bank has released its biennial Poverty and Shared Prosperity Report.

Facts:

• About the report: The report aims to provide the latest and most accurate estimates on trends in global poverty and shared prosperity.

Key takeaways:

• Global extreme poverty is expected to rise in 2020 for the first time in over 20 years due to disruption of the COVID-19 pandemic.
• Extreme poverty defined as living on less than $1.90 a day is likely to affect between 9.1% and 9.4% of the world’s population in 2020.

Additional Facts:

• Other Reports by World Bank: 
  • World Development Report
  • Global Economic Prospect (GEP) Report 
  • Logistics Performance Index 
  • Remittance Report 
  • Global Financial Development Report 
  • Human Capital Index.