The World Bank’s Poverty and Shared Prosperity 2022: Correcting course

The World Bank’s Poverty and Shared Prosperity series provides the latest estimates and trends in global poverty and shared prosperity. The 2022 edition provides the first comprehensive look at the landscape of poverty in the aftermath of an extraordinary series of shocks to the global economy. Global progress in reducing extreme poverty has virtually come to a halt. After COVID-19 dealt the biggest setback to global poverty in decades, rising food and energy prices—fueled by climate shocks and conflict among the world’s biggest food producers—have hindered a swift recovery. The
report analyses how fiscal policy was used in the first year of the pandemic to support the most vulnerable group.

SPEAKERS:

Jed Freedman is a lead economist in the Development Research Group (Poverty and Inequality Team) at the World Bank. His research interests include the measurement of well-being and poverty as well as the evaluation of health and social policies. His current work involves investigating the effectiveness of health financing reforms, assessing the nutritional and development gains from early life investment programs, and incorporating new approaches to survey-based wellbeing measurement.   

Yeon Soo Kim is a Senior Economist in the Global Unit of the Poverty and Equity Global Practice at the World Bank. She previously worked in the Europe and Central Asia and South Asia regions. She has led and contributed to analytical work related to poverty, inequality, fiscal incidence, informality, and spatial disparities. Prior to joining the World Bank, she was an Associate Research Fellow at the Korea Development Institute.  

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