Poverty, Prosperity, and Planet Report 2024: Pathways Out of the Polycrisis
The report discusses the challenges of poverty reduction, shared prosperity, and climate change, emphasizing the need for integrated policies to address these interconnected issues effectively.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source PDF |
| Publication date: | October 2024 |
| Language: | English |
| Publisher: | World Bank Group |
| Authors: | Benoit Decerf, Carolyn Fischer, Christoph Lakner, Daniel Gerszon Mahler, David Groves, Federico Haslop, Henry Stemmler, Maria Gabriela Farfan Betran, Nele Warrinnier, Niklas Buehren, Nishant Yonzan, Regina Pleninger, Ruth Hill, Samuel Kofi Tetteh-baah, Sharad Tandon, Sutirtha Sinha Roy, Maria Eugenia Genoni |
| Geographic focus: | Sub-saharan Africa, South Asia, Middle East And North Africa, Latin America And The Caribbean, East Asia And Pacific, Europe And Central Asia |
Methods
The research method involved analyzing global poverty data from household surveys, supplemented by economic growth projections. The World Bank's Poverty and Inequality Platform was utilized to aggregate and assess poverty across various countries and regions, focusing on both monetary and multidimensional poverty measures.
(Generated with the help of GPT-4)
Key Insights
The Poverty, Prosperity, and Planet Report 2024 highlights the stagnation in global poverty reduction and shared prosperity since the COVID-19 pandemic. In 2024, 8.5% of the global population lives in extreme poverty, with significant concentrations in Sub-Saharan Africa and fragile countries. The report indicates that poverty rates are projected to remain high, with 7.3% expected to live in extreme poverty by 2030. The analysis reveals that economic growth has slowed, and inequality persists, particularly in low-income regions. The report emphasizes the importance of creating better job opportunities and investing in education and infrastructure to enable the poor to benefit from growth. It also underscores the need for climate resilience strategies to protect vulnerable populations from extreme weather events. The findings call for urgent global cooperation and tailored policies to address the unique challenges faced by different regions, particularly in the context of rising climate risks.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2024 publication year | English publication language | East Asia And Pacific geographic scope | Europe And Central Asia geographic scope | Latin America And The Caribbean geographic scope | Middle East And North Africa geographic scope | South Asia geographic scope | Sub-saharan Africa geographic scope | climate change | climate resilience | economic growth | education investment | inequality | infrastructure development | job creation | poverty reduction | shared prosperity | vulnerability