Poverty and Shared Prosperity Report: World Bank

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


  • 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.