Notes
FRL20 HARD Measurement Model
FRL20 HARD AICS
Exploration of the Macro Policy Space
Oct 12, 2026 Duo Share Nobel in Economics for Work on Steering Through Booms and Busts Robert E. Hall and Michael Woodford were awarded the prize for insights that helped policymakers become “better equipped to deal with shocks in the economy,” the committee said.
Over the last decade, however, global poverty reduction has slowed substantially. This slowdown is due to a combination of interconnected crises, including sluggish economic growth, high levels of debt, the effects of the COVID-19 pandemic, conflict and fragility, and severe weather-related shocks.
These overlapping crises have hit low-income countries the hardest. At the current pace of progress, it could take decades to eradicate extreme poverty.
Extreme poverty has become increasingly concentrated in Sub-Saharan Africa, and places affected by conflict and fragility. Although a necessary condition, economic growth is not enough to break the cycle of poverty. Stronger foundational investments in infrastructure, human capital, and institutions are critical to ensure people can climb the socioeconomic ladder and escape extreme poverty.
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