The mission of the World Bank Group is to work with countries toward alleviating extreme
poverty and boosting shared prosperity through inclusive, sustainable growth. Today, with
COVID-19 sweeping across the globe, a historic global recession, and the world’s poorest
bearing the brunt of the crisis, good development outcomes are both more difficult and more
As countries work to address these converging shocks, the World Bank Group’s new
report, Poverty and Shared Prosperity 2020: Reversals of Fortune, presents new data, original
economic simulations and forecasts, and analysis that provide insight into the roots of the
current reversal of economic fortune, what it means for the world’s poorest, how countries are
taking action to address this crisis, and how to put poverty reduction and development back
on track.

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