The world is facing simultaneous structural transitions that are reshaping lives and unleashing complex risks, amplifying uncertainty, and fueling cascading crises. UNDP's Development at Risk Report charts a clear path forward, while offering fresh insights and actionable steps for development policy and public action. Moving beyond addressing symptoms or immediate manifestations, Development at Risk proposes policy actions that transforms risk into a catalyst for innovation and action that creates a more conducive environment for widening the circle of prosperity and ensuring peace. Building on UNDP’s rich intellectual heritage including its Human Development Reports, the Report argues that the world still has options - but only if people and institutions are willing to embrace risk as a concept of universal resonance at a time of structural transition.