Page 11 - Policy Economic Report - December 2024
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POLICY AND ECONOMIC REPORT
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Figure 6: % of population in poverty & number in millions
Source- World Bank
Multidimensional poverty concentrated in lowest-income countries
Poverty goes beyond a lack of income. It can also include insufficient access to education, health,
electricity, or basic services such as safe drinking water or sanitation. As of 2024, over one-third of people
in countries eligible for support from the World Bank’s International Development Association (IDA) and
more than half of those in Sub-Saharan Africa are experiencing multidimensional poverty, highlighting
how persistent development challenges remain.
In December 2024, the global community came together to reaffirm their commitment to IDA, which
offers concessional lending to 78 low-income countries. The 21st replenishment of IDA raised $23.7 billion
December 2024 Page | 10
