Executive Summary
Highlights that by 2040, 92% of the world's extreme poor will reside in fragile states, arguing that the international system is systematically mispricing risk.
Key Analysis
The geography of poverty is shifting. While global poverty rates fall, the concentration of extreme poverty in fragile and conflict-affected states is accelerating. The international financing system is failing to engage where it is needed most, often relying on outdated risk assessment models that overstate actual default probabilities.
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