Fewer people live in extreme poverty than ever before. Even as the world's population has grown, the number of poor has gradually fallen. In 1990 almost 4 in 10 people were living under the international extreme poverty line of US$1.90 a day. In 2013, that figure had fallen to just over 1 in 10. In spite of this progress, with more than 767 million people living on less than $1.90 a day in 2013, poverty remains unacceptably high.
Discover how the World Bank Group Climate Change Action Plan will support countries to identify green transport solutions, develop climate-smart agriculture plans, boost coastal and urban resilience, and more.
Around 2 billion people don’t use formal financial services and more than 50% of adults in the poorest households are unbanked. Financial inclusion is a key enabler to reducing poverty and boosting prosperity.