The World Bank reported that global extreme poverty is expected to rise for the first time in 20 years because of the disruption caused by COVID-19, exacerbating the impact of conflict and climate change, which were already slowing down poverty reduction.
Daily Current Affairs Quiz 2020
Key-Points
The pandemic may push another 88 million to 115 million into extreme poverty or having to live on less than $1.50 per day, resulting in a total of 150 million such individuals.
For more than two decades, extreme poverty was steadily declining. Now, for the first time in a generation, the quest to end poverty has suffered its worst setback.
‘Poverty and Shared Prosperity 2020: Reversals of Fortune’ presents new estimates of COVID-19’s impacts on global poverty and inequality. Some 9.1% to 9.4% of the world will be affected by extreme poverty in 2020.
