Loading

COVID-19 is likely to push between 88 and 115 million people into extreme poverty

PSPR2020_cover_220x285
  • COVID-19 is likely to push between 88 and 115 million people into extreme poverty, according to the Poverty and Shared Prosperity Report 2020.
  • South Asia is expected to account for 63% of the new poor, living below $1.90 a day.

The World Bank in their latest report found that “Through 2017, the last year for which global data are available, extreme poverty reduction slowed compared with previous decades. This deceleration alone would have made it hard to reach the 2030 target of 3 percent global poverty. Now, the COVID-19 (coronavirus) pandemic has reversed the gains in global poverty for the first time in a generation. By most estimates, this reversal of fortune is expected to push between 88 million and 115 million more people into extreme poverty in 2020. But COVID-19 is not the only reversal that threatens the poverty goals: Confronting conflict and climate change will also be critical to putting poverty eradication back on track.”

Read the full report on the World Bank findings at

Poverty and Shared Prosperity 2020 (worldbank.org)

Recent News

January 19, 2021
Green Spaces for a Child
I remember a time when kids are told to imagine how you...
Read More
January 18, 2021
Bitcoin Boom has Environmental Consequences
Today Iran experienced massive black-outs due to illegal bitcoin mining. Bitcoin mining...
Read More
January 13, 2021
Featuring: Love Cambodia – working among the poor in Prev Veng, Cambodia
Love Cambodia is a non-governmental organisation based in Prey Veng province, about...
Read More