Adjusting the Global Poverty Line
Following the 2020 release of a new set of Purchasing Power Parities (PPPs), based on prices collected in 2017 by the International Comparison Program, the World Bank Group will update its international poverty line and estimates of global poverty. This fall, the World Bank will adjust the poverty line to $2.15/day - though the real value of the international poverty line remains virtually unchanged and is simply expressed in different prices. Learn more.
Food and Energy Price Shocks from Ukraine War Could Last for Years
The war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption in ways that will keep prices at historically high levels through the end of 2024, according to the World Bank’s latest Commodity Markets Outlook report.
The World Bank and Ukraine
The invasion in Ukraine will have far-reaching economic and social impacts - well beyond the immediate impact it is already having on the lives and livelihoods of those in the country. The World Bank Group continues to coordinate with Ukraine and other development partners to assess these costs and develop a robust response to help the Ukrainian people during this difficult period. Learn more.
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