Progress: Global poverty reduction and improvements in shared prosperity have stalled
Global poverty reduction has slowed to a near standstill, raising concerns that 2020–30 will be a lost decade.
Global poverty reduction has slowed to a near standstill, raising concerns that 2020–30 will be a lost decade.
Ending extreme poverty and boosting shared prosperity on a livable planet requires action in two areas: delivering faster and inclusive growth (that is, growing labor incomes by delivering more and better jobs and investing in the productive capacity of the poor) and protecting people from climate shocks (that is, enhancing risk management and accelerating climate change mitigation).
Acting on multiple fronts requires fundamental changes in how countries approach their national development strategies and their contributions to global public goods. However, there are no simple solutions. The pathways presented in the report involve difficult trade-offs across objectives and transition costs.