Poverty, Prosperity, and Planet Report 2024: Achieving Interlinked Goals

Poverty, Prosperity, and Planet Report 2024, the latest edition of the series formerly known as Poverty and Shared Prosperity, reveals that a new approach to development policy is essential to eradicate poverty and boost shared prosperity on a livable planet. Growth remains key, but it needs to be faster, more inclusive, and greener.

The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization’s activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.