Over the past three decades, the extent of global poverty has declined
rapidly. The percentage of people living in extreme poverty in 2013 is
less than half of what it was in 1990. Based on this trend, it is possible
to envision a world in which extreme poverty has effectively been
eliminated within a generation. Yet today, more than 1 billion people
worldwide are still destitute, inequality and social exclusion seem to be
rising in several countries, and many urgent and complex challenges must
be overcome to maintain the recent momentum in poverty reduction.
In this context, the World Bank Group has established ambitious but
achievable goals on which to anchor its work in meeting these historic
challenges. Specifically, the institution will strive to end extreme
poverty at the global level by 2030 and to promote shared prosperity in
developing countries, which will entail fostering income growth for the
bottom 40 percent of the population. This effort will involve investing in
opportunities for all citizens and reducing inequality, which are integral
to creating prosperity and sustaining economic growth. These goals will
be pursued in an environmentally, socially, and economically sustainable
manner to ensure that development gains do not harm the welfare of
current and future generations.
This Annual Report focuses on the work of the International Bank
for Reconstruction and Development (IBRD) and the International
Development Association (IDA), collectively known as the World Bank.
We encourage you to read this report to learn more about the Bank’s
work—the activities and outcomes it supports in the six regions in which
it works, and the results of that work in helping to overcome poverty and
create opportunities for people in developing countries.poverty report
rapidly. The percentage of people living in extreme poverty in 2013 is
less than half of what it was in 1990. Based on this trend, it is possible
to envision a world in which extreme poverty has effectively been
eliminated within a generation. Yet today, more than 1 billion people
worldwide are still destitute, inequality and social exclusion seem to be
rising in several countries, and many urgent and complex challenges must
be overcome to maintain the recent momentum in poverty reduction.
In this context, the World Bank Group has established ambitious but
achievable goals on which to anchor its work in meeting these historic
challenges. Specifically, the institution will strive to end extreme
poverty at the global level by 2030 and to promote shared prosperity in
developing countries, which will entail fostering income growth for the
bottom 40 percent of the population. This effort will involve investing in
opportunities for all citizens and reducing inequality, which are integral
to creating prosperity and sustaining economic growth. These goals will
be pursued in an environmentally, socially, and economically sustainable
manner to ensure that development gains do not harm the welfare of
current and future generations.
This Annual Report focuses on the work of the International Bank
for Reconstruction and Development (IBRD) and the International
Development Association (IDA), collectively known as the World Bank.
We encourage you to read this report to learn more about the Bank’s
work—the activities and outcomes it supports in the six regions in which
it works, and the results of that work in helping to overcome poverty and
create opportunities for people in developing countries.poverty report
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