Umbrella Facility for Poverty and Equity (UFPE)

Overview

The COVID-19 pandemic dealt the biggest setback to global poverty in decades. The economic recovery has been uneven, affected by rising food and energy prices—due to the war in Ukraine and climate change, among other factors—and high indebtedness in many countries. In addition, extreme poverty is now more concentrated in places where it will be hardest to eradicate, including in conflict-affected and rural areas.

To address these issues, the Umbrella Facility for Poverty and Equity (UFPE) is the first global trust fund to support the cross-cutting poverty and equity agenda.

Our Objective

The objective of the UFPE is to inform and support the design, implementation and monitoring and evaluation of policies and programs to reduce poverty and promote equity.

Our Value

With a cross-cutting poverty and equity agenda, the Umbrella Facility for Poverty Equity aims to:

Strengthen coordination

Strengthen strategic coordination and global partnerships on poverty and equity.

Bring poverty and equity to the forefront

Bring poverty and equity considerations to the forefront of the World Bank Group’s country engagements.

Leverage resources

Leverage The World Bank Group and government resources to amplify impact through systematic application of poverty and equity lens to policies and programs.