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Tag Archives: End Poverty Day

Correcting course to accelerate poverty reduction

Posted on October 24, 2022 by NL4WorldBank

On End Poverty Day this year, it’s hard to find cause for celebration.  The COVID19mari_blog_october_17_1140x500.jpeg pandemic triggered a historic setback, pushing 70 million people into extreme poverty in 2020 – the largest one-year increase in three decades.  The war in Ukraine deepened the global economic slowdown, which is now in its steepest decline following a post-recession recovery since 1970. At this rate, nearly 7 percent of the world’s population – almost 600 million people – will still be struggling in extreme poverty in 2030.   

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Posted in WBG News & Reports | Tagged Crisis, Development, End Poverty Day, IFC, IMF, Pverty Reduction, World Bank, World Bank Group

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