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Poverty and Shared Prosperity Report

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  • Published
    11th Oct, 2020
  • It is a biennial report of the World Bank.
  • It provides a global audience with the latest and most accurate estimates on trends in global poverty and shared prosperity.
  • Key findings in the latest report: Global extreme poverty is expected to rise for the first time in 20 years because of the disruption caused by COVID-19.
  • This will exacerbate the impact of conflict and climate change, which were already slowing down poverty reduction.
  • The pandemic may push another 88 million to 115 million into extreme poverty or having to live on less than $1.50 per day, resulting in a total of 150 million such individuals.
  • Worst affected regions: Many in middle income countries (MICs) will slip below the poverty line.
  • Sub-Saharan Africa and South Asia, will be badly hit.

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