Since 2015, global poverty reduction was already slowing down and the impacts of the COVID-19 pandemic reversed three decades of steady progress with the number of people living in extreme poverty increasing for the first time in a generation. Recovery from the pandemic has been slow and uneven as the world is presently facing multiple geopolitical, socioeconomic, and climatic risks.

Given current trends, 575 million people (nearly 7% of the world’s population) will still be living in extreme poverty in 2030 compared to 800 million in 2015 (or 10.8%). Eradicating extreme poverty will be particularly difficult in sub-Saharan Africa and conflict-affected areas. Despite the expansion of social protection during COVID-19, over 4 billion people globally remain entirely unprotected. A surge in action and investment to enhance job opportunities and extend social services to the most excluded is crucial to delivering on the central commitment to ending poverty.