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Tag Archives: Pverty Reduction

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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