Prosperity for All / Ending Extreme Poverty : A Note for the World Bank Group Spring Meetings 2014
In 2013, the Board of Governors endorsed two new goals for the World Bank Group (WBG). First, the WBG would commit its full energies to bringing an effective end to extreme poverty by 2030. This means reducing to no more than 3 percent the fraction of the world’s population living on less than $1.25...
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| Format: | Annual Report |
| Language: | en_US |
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Washington, DC
2014
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| Online Access: | http://hdl.handle.net/10986/17701 |
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okr-10986-17701 |
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okr-10986-177012021-04-23T14:03:40Z Prosperity for All / Ending Extreme Poverty : A Note for the World Bank Group Spring Meetings 2014 World Bank results shared prosperity poverty reduction living standards economic growth sustainability global economic outlook extreme poverty income distribution environmental consequences of growth green growth cash transfers economic development bottom 40 percent data for development developing countries In 2013, the Board of Governors endorsed two new goals for the World Bank Group (WBG). First, the WBG would commit its full energies to bringing an effective end to extreme poverty by 2030. This means reducing to no more than 3 percent the fraction of the world’s population living on less than $1.25 per day. Second, the WBG would focus on ensuring that the benefits of prosperity are shared by shifting from a focus on average economic growth to promoting income growth amongst the bottom 40 percent of people. Critically, the goals need to be achieved in a sustainable manner, thus helping secure the long-term future of the planet and its resources, ensuring social inclusion, and limiting the economic burdens of future generations. This short note begins by looking at progress to date in reducing global poverty and discusses some of the challenges of reaching the interim target of reducing global poverty to 9 percent by 2020, which was set by the WBG President at the 2013 Annual Meetings. It also reports on the goal of promoting shared prosperity, with a particular focus on describing various characteristics of the bottom 40 percent. A more detailed report with policy recommendations in the areas of ending extreme poverty and boosting shared prosperity is due for release at the Annual Meetings later this year. 2014-04-10T14:38:55Z 2014-04-10T14:38:55Z 2014-04-10 http://hdl.handle.net/10986/17701 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ Washington, DC Publications & Research :: Annual Report |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
results shared prosperity poverty reduction living standards economic growth sustainability global economic outlook extreme poverty income distribution environmental consequences of growth green growth cash transfers economic development bottom 40 percent data for development developing countries |
| spellingShingle |
results shared prosperity poverty reduction living standards economic growth sustainability global economic outlook extreme poverty income distribution environmental consequences of growth green growth cash transfers economic development bottom 40 percent data for development developing countries World Bank Prosperity for All / Ending Extreme Poverty : A Note for the World Bank Group Spring Meetings 2014 |
| description |
In 2013, the Board of Governors endorsed two new goals for the World Bank Group (WBG). First, the WBG would commit its full energies to bringing an effective end to extreme poverty by 2030. This means reducing to no more than 3 percent the fraction of the world’s population living on less than $1.25 per day. Second, the WBG would focus on ensuring that the benefits of prosperity are shared by shifting from a focus on average economic growth to promoting income growth amongst the bottom 40 percent of people. Critically, the goals need to be achieved in a sustainable manner, thus helping secure the long-term future of the planet and its resources, ensuring social inclusion, and limiting the economic burdens of future generations.
This short note begins by looking at progress to date in reducing global poverty and discusses some of the challenges of reaching the interim target of reducing global poverty to 9 percent by 2020, which was set by the WBG President at the 2013 Annual Meetings. It also reports on the goal of promoting shared prosperity, with a particular focus on describing various characteristics of the bottom 40 percent. A more detailed report with policy recommendations in the areas of ending extreme poverty and boosting shared prosperity is due for release at the Annual Meetings later this year. |
| format |
Publications & Research :: Annual Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Prosperity for All / Ending Extreme Poverty : A Note for the World Bank Group Spring Meetings 2014 |
| title_short |
Prosperity for All / Ending Extreme Poverty : A Note for the World Bank Group Spring Meetings 2014 |
| title_full |
Prosperity for All / Ending Extreme Poverty : A Note for the World Bank Group Spring Meetings 2014 |
| title_fullStr |
Prosperity for All / Ending Extreme Poverty : A Note for the World Bank Group Spring Meetings 2014 |
| title_full_unstemmed |
Prosperity for All / Ending Extreme Poverty : A Note for the World Bank Group Spring Meetings 2014 |
| title_sort |
prosperity for all / ending extreme poverty : a note for the world bank group spring meetings 2014 |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/10986/17701 |
| _version_ |
1764438185631285248 |