Global poverty estimates were updated today on the Poverty and Inequality Platform (PIP).As explained in more detail in the What’s New document, more than 100 new surveys were added to the PIP database, bringing the total number of surveys to more than 2,300. With more recent survey data, this March 2024 PIP update is the first to report a global poverty number for 2020-2022, the period of the COVID-19 pandemic. We estimate that COVID-19 increased extreme poverty in the world, as measured by the international poverty line of $2.15, from 8.9 percent in 2019 to 9.7 percent in 2020 (see Figure 1). This is the first increase in global poverty in decades. It is in line with earlier estimates of the COVID-19 impact which used limited survey data and GDP growth projections.
Continue readingHealth care is an investment, not an expense. Affordable accessible health care can unlock human capital and economic dividends for countries.
Today, over half of the world’s population―around 4.5 billion people―lack access to essential health services. And two billion people face financial hardships due to health-related expenses. This is compounded by a range of growing risks such as climate change, pandemics, fragility, and conflict.
Watch this event to learn how the World Bank is working closely with countries and partners to address these challenges and help ensure more people across the world have greater access to high quality and affordable health care.
Artificial intelligence (AI) and other digital technologies have piqued global excitement with their promise to drive economic growth and opportunity, unlock scientific breakthroughs, and build better services. But as we race to close the global digital divide, we must also ask ourselves some tough questions.
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| Mark your calendars for the 2024 Spring Meetings. We will come together April 15-20 to explore how to tackle global challenges head-on, including solutions to ramp up finance and knowledge, foster private sector investment, and prepare for future crises. Tune in as we livestream high-level events. Spring Meetings |
| Mark your calendars for the 2024 Spring Meetings. We will come together April 15-20 to explore how to tackle global challenges head-on, including solutions to ramp up finance and knowledge, foster private sector investment, and prepare for future crises. Tune in as we livestream high-level events. Spring Meetings |
The Millennium Challenge Corporation (MCC) will host a “Procurement@20: The Revised Procurement Framework” webinar on April 3, 2024, from 10:00 AM to 11:00 AM (U.S. EST).
We will host the same webinar in French on April 25, 2024, from 10:00 AM to 11:00 AM (U.S. EST).
Under Procurement@20, MCC has revised the policy, guidelines, and tools that MCC partner countries use to contract with private sector firms, aiming to streamline and accelerate the procurement and contracting process. These revisions will be shared with webinar attendees and MCC staff will be on hand to answer any questions.
Procurement and business opportunities, along with other ways to work with MCC are available on our Work With Us page.
There is no cost to attend the webinar.
It is 2024 and still one billion people live more than two kilometers away from an all-weather
road, one in six women worldwide don’t job search out of fear of harassment on transit, and road crashes claim over 1 million lives every year, a whopping 92 percent of which are in developing countries.
Netherlands for the World Bank 
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