Washington: As a result of the Covid-19 pandemic and Russia’s invasion of Ukraine, 3 decades of progress in reducing poverty has been reversed and the goal of eradicating extreme poverty from the world by 2030 is no longer possible.
The World Bank warned in a report that the goal of eradicating extreme poverty from the world by 2030 is no longer possible. According to the report, 7 crore people fell into extreme poverty in 2020, which is the largest increase since 1990.
According to the report, if current economic trends are taken into account, 570 million people (7 percent of the global population) will be living below the poverty line by the end of this decade.
The President of the World Bank, David Malpass, said that the rate of extreme poverty is increasing due to inflation, devaluation of currencies and other problems. should be reduced. This is the first report in which the World Bank has provided global extreme poverty data.
The World Bank defines people with an income of less than $2.15 a day as extremely poor. To combat poverty and inequality, the World Bank urged governments to ensure global cooperation, end massive subsidies while focusing on long-term development goals.