COVID-19 Dealt a Historic Blow to Poverty Reduction
The 2022 Poverty and Prosperity Report provides the first comprehensive analysis of the pandemic’s toll on poverty in developing countries and of the role of fiscal policy in protecting vulnerable groups. It also finds that global progress in poverty reduction has ground to a halt and calls for an urgent course correction by policymakers.
Latest Food Security Update
Our newest update from Oct. 3 shows that domestic food price inflation remains high around the world. Furthermore, in September, average wheat prices were 20% higher, maize was 29% higher, and rice was 8% higher than one year prior.
NEW: World Bank Regional Economic Updates
Find out more about the macro-economic trends in each region in our latest economic updates for Africa, East Asia and the Pacific (EAP), Europe and Central Asia (ECA), Latin America and the Caribbean (LAC), the Middle East and North Africa (MENA), and South Asia (SAR).
Our Mission
The World Bank Group has two goals,
to end extreme poverty and promote shared prosperity in a sustainable way
Who we areAccess the World Bank's portfolio of more than 12,000 development projects, including current and historical data since 1947.