The World Bank has said the shocks caused by the COVID-19 pandemic and the war in Ukraine mean the world is unlikely to achieve a long-term goal of eradicating extreme poverty by 2030.<\/p>\n\n\n\n
The report, which was released yesterday, stated that the Covid-19 pandemic represents a historic turning point after decades of poverty reduction, as 71 million people were living in extreme poverty in 2020, i.e. on less than $2.15 a day.<\/p>\n\n\n\n
The report added that about 719 million people, or about 9.3% of the world’s population, live on only $2.15 a day, and that the ongoing war, declining growth in China, and high food and energy prices, all threaten to further impede efforts to reduce poverty.<\/p>\n\n\n\n
The report also stated that, excluding sharp growth gains, approximately 574 million people, about 7% of the world’s population, will continue to live on the same income level by 2030, most of them in Africa.<\/p>\n\n\n\n
World Bank President David Malpass said the new ‘poverty and shared prosperity report’ showed the bleak expectations facing tens of millions of people.<\/p>\n\n\n\n
He called for major policy changes around the world to boost growth and help launch poverty eradication efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"
The World Bank has said the shocks caused by the COVID-19 pandemic and the war in Ukraine mean the world is unlikely to achieve a long-term goal of eradicating extreme poverty by 2030. The report, which was released yesterday, stated that the Covid-19 pandemic represents a historic turning point after decades of poverty reduction, as …<\/p>\n","protected":false},"author":4,"featured_media":86404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_108372464460192_245495985553329":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[30],"tags":[852,1858,675],"class_list":["post-86403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-bank","tag-poverty","tag-world"],"yoast_head":"\n