At today’s feeble pace, it could take more than a century to eliminate poverty as it is defined for nearly half the world – people who live on less than $6.85 per day, according to the World Bank’s new Poverty, Prosperity, and Planet Report. The report offers the first post-pandemic assessment of global progress toward eradicating poverty and boosting shared prosperity on a livable planet.
The global goal of ending extreme poverty – defined as $2.15 per person per day – by 2030 is out of reach: it could take three decades or more to eliminate poverty at this threshold, which is relevant primarily for low-income countries. Almost 700 million people – 8.5 percent of the global population – live today on less than $2.15 per day, with 7.3 percent of the population projected to be living in extreme poverty in 2030. Extreme poverty remains concentrated in countries with historically low economic growth and fragility, many of which are in Sub-Saharan Africa.
Today, 44 percent of the world’s population lives on less than $6.85 per day, the poverty line for upper-middle-income countries. The number of people living under this poverty line has barely changed since 1990 due to population growth.
At this online seminar, the co-leads of the report, Maria Eugenia Genoni, Senior Economist in the Poverty and Equity Global Practice, and Christoph Lakner, Program Manager for Global Poverty and Inequality Data in the Development Data Group, discussed the main findings of the report.
Speakers:
Maria Eugenia Genoni
Senior Economist, Poverty and Equity Global Practice, World Bank
Christoph Lakner
Program Manager for Global Poverty and Inequality Data, Development Data Group, World Bank
Presentation Material
Poverty, Prosperity, and Planet 2024: Pathways Out of the Polycrisis（英語、PDF）
Related Seminars
World Bank Group Morning Seminar