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Economic inclusion initiatives benefit 92m: WB

Economic inclusion initiatives benefit 92m: WB WASHINGTON, January 27, 2021 Economic inclusion programs, which help boost income and assets of the world’s poorest, are on the rise in 75 countries, reaching approximately 20 million poor and vulnerable households, and benefitting nearly 92 million individuals. This surge comes at a crucial time, as more than 700 million people around the world face extreme poverty, a number on the rise for the first time in two decades. According to the World Bank’s newly published “State of Economic Inclusion (SEI) Report 2020: The Potential to Scale,” economic inclusion programs usually a combination of cash or in-kind transfers, skills training or coaching, access to finance, and links to market support are fast becoming a critical instrument in many governments’ large-scale anti-poverty strategies. And they are likely to continue, especially in areas affected by conflict, climate change, and shocks, due to the Covid-19 pandemic.

Economic Inclusion Programs Now Benefit 92 Million People Worldwide

Unprecedented surge in these programs seen in 2020, World Bank report says WASHINGTON, Jan. 26, 2021 – Economic inclusion programs, which help boost income and assets of the world’s poorest, are on the rise in 75 countries, reaching approximately 20 million poor and vulnerable households, and benefitting nearly 92 million individuals. This surge comes at a crucial time, as more than 700 million people around the world face extreme poverty, a number on the rise for the first time in two decades. According to the World Bank’s newly published “State of Economic Inclusion (SEI) Report 2020: The Potential to Scale,” economic inclusion programs -usually a combination of cash or in-kind transfers, skills training or coaching, access to finance, and links to market support- are fast becoming a critical instrument in many governments’ large-scale anti-poverty strategies. And they are likely to continue, especially in areas affected by conflict, climate change, and shocks, due to

Partnership for Economic Inclusion Annual Report 2020 - World

Partnership for Economic Inclusion Annual Report 2020 Format EXECUTIVE SUMMARY Fiscal year (FY) 2020 was a critical and successful foundational year for the Partnership for Economic Inclusion (PEI). During this start-up year, PEI fast-tracked country engagement efforts and identified a diverse portfolio of countries receiving grant and technical support. Working closely with technical partners, PEI moved to reshape the global knowledge-sharing agenda on economic inclusion through a systematic review of country operations and global experiences captured in the forthcoming State of Economic Inclusion Report and the delivery of an open access data platform on program design, implementation, and costing. This combination of country engagement, partnership, and global knowledge efforts reflects PEI’s focus on evidence and operational learning to understand the feasibility and sustainability of scaling up economic inclusion at the country level. With the first-year foundations now in

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