The World Bank Group has set a clear mission: ending poverty and boosting shared prosperity on a livable planet. This report offers the first post-pandemic assessment of global progress toward these interlinked goals, and explores potential pathways out of today's polycrisis - an environment where multiple and interconnected challenges are impacting the …

A Better Bank for a Better World. The World Bank Annual Report 2024 is available to download in multiple languages via the links below (data is as of September 29, 2024, unless otherwise specified).

With 189 member countries, the World Bank Group is a unique global partnership fighting poverty worldwide through sustainable solutions.

May 2, 2022 · As differences in price levels across the world evolve, the global poverty line has to be periodically updated to reflect these changes. Since 2015, the last update, we have used $1.90 as the global line. As of fall 2022, the new global line will be updated to $2.15.

Dec 12, 2024 · Without Course Correction, 20 of 26 Countries Would Remain Poor Through 2050. WASHINGTON, December 12, 2024— The next 25 years could prove decisive in determining whether the world’s 26 poorest countries progress to middle-income status, a new World Bank analysis shows. Home to more than 40 percent of people struggling on less than $2.15 a day, these countries are the central focus of ...

Nov 21, 2024 · Download the latest economic outlook for Latin America and the Caribbean from the World Bank. Access data, facts, statistics, and learn more about the opportunities that competition offer to boost growth, inclusion, and better governance in the region. This is crucial for driving growth in the region and achieving a pace that allows for poverty reduction and the creation of quality jobs.

The 2025 World Bank Group Youth Summit invites young changemakers, innovators, and leaders to shape a sustainable and inclusive future through bold, youth-driven solutions. Under the theme "New Horizons: Youth-Led Innovation for a Sustainable World," this year’s summit focuses on three transformative areas:Digital Transformation & Data: Discover how youth leverage technology, including AI ...

Dec 11, 2024 · Investing in human capital and accelerating digital transformation key to long-term growth . MANILA, December 10, 2024 – Amid heightened geopolitical tensions, the Philippines’ economy is expected to remain robust, growing at an average rate of 6.0 percent over 2024-2026 and sustaining poverty reduction, according to the Philippines Economic Update (PEU) released today by the World Bank.

Oct 16, 2019 · Overview. Small and Medium Enterprises (SMEs) play a major role in most economies, particularly in developing countries. SMEs account for the majority of businesses worldwide and are important contributors to job creation and global economic development.

Digital technologies are transforming economies, creating jobs, and improving lives. They have dramatically changed communications, business, health, education, finance and more. Yet the digital divide remains stark and is becoming synonymous with a development divide. Billions of people around the ...