Ending hunger to end poverty, ending poverty to end hunger

Last week we had World Food Day on October 16 and World Poverty Day on October 17.capture1_39  The good news from World Poverty Day is that there is global progress on reducing extreme poverty.  Based on the latest available data, it is estimated that in 2015 there were 736 million people living on less than US$1.90/day, which compares very favorably to the 1,895 million people living in extreme poverty in 1990.  And while the world’s population grew from 5.3 billion in 1990 to 7.4 billion in 2015, the poverty rate fell from 36 percent to 10 percent or 1 percentage point per year on average over this period. 

At the same time, progress in reducing extreme poverty has been uneven. There have been sharp reductions in absolute numbers in East Asia and the Pacific and in South Asia, but the number of people living in extreme poverty in Sub-Saharan Africa has increased significantly.

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Decline of Global Extreme Poverty Continues but Has Slowed

WASHINGTON, Sept. 19, 2018 Fewer people are living in extreme poverty around the world, but the decline in poverty rates has slowed, raising concerns about achieving theIDA goal of ending poverty by 2030 and pointing to the need for increased pro-poor investments, the World Bank finds.

The percentage of people living in extreme poverty globally fell to a new low of 10 percent in 2015 — the latest number available — down from 11 percent in 2013, reflecting steady but slowing progress, World Bank data show. The number of people living on less than $1.90 a day fell during this period by 68 million to 736 million.

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IDA17 Retrospective: Maximizing Development Impact

Leveraging IDA to meet global ambitions and evolving client needsIDA

This report examines what the International Development Association (IDA) achieved during the IDA17 period (July 1, 2014 to June 30, 2017), and takes a close look at how IDA continues to maximize development impact to deliver these results in a fluid and challenging global environment. This report covers three areas essential to understanding both IDA’s efforts and the environment in which it works: (1) The rapidly-evolving global economic and development landscapes; (2) The results achieved through IDA’s work with client countries and other partners; and (3) The unfinished agenda, which demands an ongoing, broad-based commitment to achieving results through IDA as the world’s global alliance for the poor.

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New country classifications by income level: 2018-2019

World Bank buildingUpdated country income classifications for the World Bank’s 2019 fiscal year are available here.

The World Bank assigns the world’s economies into four income groups — high, upper-middle, lower-middle, and low. We base this assignment on GNI per capita calculated using the Atlas method. The units for this measure and for the thresholds is current US Dollars.

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Doesn’t everyone deserve a chance at a good life?

Aspirations are rising as never before across the world, thanks in large part to smartphones and the internet — will they be indexmet with opportunity or frustration? As President of the World Bank Group, Jim Yong Kim wants to end extreme poverty and boost shared prosperity. He shares how the institution is working to improve the health and financial futures of people in the poorest countries by boosting investment and de-risking development.

TED Talk

This talk was presented at an official TED conference, and was featured by our editors on the home page.

Join the World Bank Cities Boomerang Challenge!

Can you make a #Loop4Dev?

Ever notice how cities can really encapsulate many of the things that make life Afbeeldingsresultaat voor instagram logoenjoyable? Green spaces to enjoy the outdoors, access to jobs, affordable housing for all, a well-connected public transportation system, access to healthy food, schools for all children, and so on. Some cities achieve this better than others, but creating a city that works for all of its citizens can be a challenge for governments and communities alike.

Why? Let’s look at some numbers: Up to 1 billion people living in slums in the cities of the world are in need of better services; Cities consume 2/3 of the world’s energy and account for 70% of greenhouse gas emissions; 66 out of 100 people will live in cities by 2050, which tells us the global population is becoming increasingly urban.

In Senegal, a New Approach to Nutrition Drops Childhood Stunting

Ndeye Ngom is a first-time mother in Senegal’s Fatick region, 150 kilometers southeast of scale-1000x1000Dakar, the capital city of Senegal. And like any parent, upon hearing the news that her daughter, 9-month-old Khady Faye, was underweight, Ndeye grew immediately worried. “I panicked when they told me the baby is malnourished,” Ndeye remembers. “This is not a disease we know.”

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An Essential Role, a New Approach

STORY HIGHLIGHTSDevComm
  • The Development Committee, a ministerial-level forum of the World Bank Group and the International Monetary Fund, issued a communiqué at the close of the institutions’ Spring Meetings in Washington.
  • They said the World Bank Group retains an essential role in helping ensure that growth is sustainable, with benefits that reach everyone and help reduce poverty and inequality.
  • On the urgent issues of famine and forced displacement, the committee cited both “efforts to mobilize and rapidly disburse support for countries, communities, and refugees” and the importance of “investing to address the root causes and drivers of fragility and helping countries build institutional and social resilience.”

Empowering Women in the World

Empowering Women in the World | Voices  : Submitted by Kristalina Georgieva (CEO World Bank )

When women do well, everyone benefits. Giving women access to better jobs and financial security are keys to ending poverty. Gender gaps harm the entire economy. We know that when women control the finances, they tend to spend money on the things that matter most – essential food and water, school fees and health care for the family. It’s amazing what small changes can do – a mobile money account opens up the ability to get small loans, buy insurance, and make payments. The World Bank is working to empower women around the world, supporting women entrepreneurs in Pakistan and supporting women and their families with cash cards in Lebanon.

To find out more tune in to my conversation with Ajay Banga, CEO of MasterCard at 11:25 on April 7. Our conversation is part of the Women in the World Summit.