World Bank warns 150-million more people face extreme poverty by 2022
The multilateral lender's biennial report says sub-Sahara region could see more than 50-million people slide into extreme poverty in 2021
07 October 2020 - 19:26
Washington — The World Bank said on Wednesday that the coronavirus pandemic could push as many as 150-million people into extreme poverty by the end of 2021, wiping out more than three years of progress in poverty reduction.
Releasing its flagship biennial report on poverty and shared prosperity, the multilateral development lender said that an additional 88-million to 115-million people will fall into extreme poverty — defined as living on less than $1.90 a day — in 2020. The report said this could grow to 111-million to 150-million by the end of 2021...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.