IDA is a vital development partner now more than ever

It is undeniable that progress has been made in reducing extreme poverty over the last ht-jessica-education780pxquarter century—from 36 percent of the world population in 1990 to an estimated 8.6 percent in 2018—and that living standards for hundreds of millions of people have improved over that time.

Yet, poverty reduction has not been consistent across countries and today it is slowing. For the world’s poorest countries, extreme poverty remains stubbornly high with 31 percent of their people living on less than $1.90 a day. 

Continue reading