The effectiveness of our presence in countries is strengthened by our sectoral expertise and by knowledge and research programs that offer insights to help countries solve pressing development challenges. Our global practices work with country staff, partners, and other Bank Group institutions to provide comprehensive financial, operational, advisory, and convening support. We draw on experience and technical knowledge that spans regions and sectors, facilitating the exchange of ideas and best practices between countries and offering a uniquely global, cross-cutting view of leading development issues.
We share our research through publications, in-depth analysis, and open development data. Our flagship reports—widely referenced by governments, civil society organizations, partners, and the private sector—help drive the discourse on challenges at the global, regional, and country levels. Our tailored analytic products offer detailed assessments of priority concerns for clients and development partners. By promoting access to wide-ranging data and insights, we help countries monitor progress and make informed decisions when implementing projects.
We are applying this sectoral knowledge through broad, fast action that is helping countries respond to COVID-19. We are also drawing on our experience in supporting countries through previous crises, including natural disasters, infectious diseases, and economic shocks. Our support aims to help countries develop comprehensive and tailored responses to the challenges arising from the pandemic, covering a range of issues including health care, education, social protection, sanitation, digital services, and food security. We seek to protect hard-earned development gains and ensure that countries are able to secure good development outcomes for their people as they recover from the unprecedented crisis.
Reducing poverty amid global challenges
Despite great strides in recent decades, the world was not on track to reach the goal of ending poverty by 2030, even before the onset of the COVID-19 pandemic. We estimate that the pandemic could push about 100 million more people into extreme poverty. A large share of this will be concentrated in countries that are already struggling with high poverty rates, but middle-income countries will also be significantly affected. We are helping countries respond by providing them with the data, policy advice, and financial resources they need to protect people and businesses from the impacts of this crisis and build resilience.
To alleviate extreme poverty more broadly, we need more and better data, especially from the poorest countries and those affected by fragility and conflict. Building on previous efforts, IDA19 includes new commitments to help countries scale up and improve their data collection. The Bank Group’s Data for Policy initiative supports a core set of economic, social, and sustainability statistics that are required to monitor and evaluate public policies and programs. It also aims to improve the availability and quality of gender- and sex-disaggregated statistics in IDA countries to inform policy making.