Poverty and Shared Prosperity Report – UPSC Prelims

  • The report aims to provide the latest and most accurate estimates on trends in global poverty and shared prosperity.
  • Released by World Bank biennially.
  • Key takeaways:
    • Global extreme poverty is expected to rise in 2020 for the first time in over 20 years due to disruption of the COVID-19 pandemic.
    • Extreme poverty defined as living on less than $1.90 a day is likely to affect between 9.1% and 9.4% of the world’s population in 2020.
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