Previous Poverty and Shared Prosperity reports have conveyed the difficult message that the world is not on track to meet the global goal of reducing extreme poverty to 3 percent by 2030. This edition brings the unwelcome news that COVID-19, along with conflict and climate change, has not merely...

Transformational engagements are a critical pillar of the World Bank Group's strategy for achieving its twin goals of extreme poverty elimination and shared prosperity. This learning product uses evaluative evidence from the Independent Evaluation Group (IEG) to understand the mechanisms and...

Improved outcomes for women and children - more education, lower fertility rates, higher nutritional status, and lower incidence of illness, among other outcomes - have broad individual, family, and societal benefits. For nearly 15 years, the targets of the millennium development goals (MDGs)...

Over the past 40 years, the number of people in China with incomes below US$ 1.90 per day - the International Poverty Line defined by the World Bank to track global extreme poverty- has fallen by close to 800 million. With this, China has contributed to almost three-quarters of the global...