Poverty, Prosperity, and Planet Report 2024: Pathways Out of the Polycrisis

This report analyzes global progress on poverty reduction, shared prosperity, and climate change, highlighting challenges and pathways forward amidst interconnected crises. It emphasizes the need for tailored strategies to address poverty, promote inclusive growth, and ensure a livable planet, with a focus on low-income and fragile countries, middle-income countries, and high-income countries.

(Generated with the help of Perceptful.AI)

The report uses data from household surveys, national accounts, and administrative data, employing the Poverty and Inequality Platform (PIP) for poverty and inequality estimates. It also utilizes small area estimation techniques and the World Bank’s new indicator of global GHG emissions based on the EDGAR database and hybrid-inventory approaches.

(Generated with the help of Perceptful.AI)

The report highlights that global poverty reduction has stalled, with extreme poverty affecting 8.5% of the global population. Progress in shared prosperity has also stagnated, particularly in Sub-Saharan Africa and Latin America. Climate risks are increasing, with nearly 20% of the global population at high risk from extreme weather events. The report calls for integrated strategies to deliver faster and inclusive growth, protect people from climate shocks, and accelerate economic transformations to reduce emissions intensity. It emphasizes the need for better data, international cooperation, and tailored approaches for low-income, middle-income, and high-income countries.

(Generated with the help of Perceptful.AI)

Categories: 2024 publication year | English publication language | global geographic focus | climate change | economic growth | inequality | poverty reduction | shared prosperity