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broad-based economic growth and inclusive approaches to development. But progress is stalling, and we face an urgent challenge; today, one in 10 people still live in extreme poverty.

trillion, a slower pace of accumulation than in 2017, according to the World Bank’s International Debt Statistics 2020. Excluding the top ten borrowers (Argentina, Brazil, China, India, Indonesia, Mexico, Russia, South Africa, Thailand, Turkey) external debt stocks for low- and middle-income countries rose 4%.
made in improving living standards and reducing poverty over the past decades. While extreme poverty is going down around the globe, it is increasing in countries impacted by fragility and conflict. The World Bank estimates that by 2030, almost half of the world’s poor will live in countries facing FCV challenges.



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