No Poverty
Global poverty reduction is virtually at a standstill. Around 9 per cent of people worldwide lived in extreme poverty in 2022. Working poverty affected 244 million workers in 2024. While the milestone of half of the world’s population having social protection has now been reached, low-income countries have shown almost no improvement since 2015. Inequality within and between countries continues to hinder poverty reduction, and the poorest are often left behind in periods of recovery. Inclusive and sustained economic growth, particularly in low-income countries and fragile settings, remains critical to reversing current trends. Accelerating progress towards a poverty-free world will require the strengthening of social protection systems and the mobilization of greater international resources to help countries to recover from the stalled progress of recent years. The United Nations, in collaboration with the World Bank and other partners, works to address structural inequalities, reduce poverty and increase social protection coverage. The Food and Agriculture Organization of the United Nations is providing secretariat services to the Global Alliance against Hunger and Poverty, which was launched in 2024 under the presidency of Brazil of the Group of 20, in order to mobilize coordinated global action and investment in support of poverty reduction in the most vulnerable countries.