"The Poverty, Prosperity, and Planet Report 2024 is the latest edition of the series formerly known
as Poverty and Shared Prosperity. The report emphasizes that reducing poverty and increasing
shared prosperity must be achieved in ways that do not come at unacceptably high costs to
the environment. The current “polycrisis†?—where the multiple crises of slow economic growth,
increased fragility, climate risks, and heightened uncertainty have come together at the same
time—makes national development strategies and international cooperation difficult.
Offering the first post-Coronavirus (COVID)-19 pandemic assessment of global progress on this
interlinked agenda, the report finds that global poverty reduction has resumed but at a pace
slower than before the COVID-19 crisis. Nearly 700 million people worldwide live in extreme
poverty with less than US$2.15 per person per day. Progress has essentially plateaued amid
lower economic growth and the impacts of COVID-19 and other crises. Today, extreme poverty
is conc
