Extreme poverty set for first rise since 1998, World Bank warns

| November 4, 2020 | Leave a Comment

Item Link: Access the Resource

Media Type: News / Op - Ed

Date of Publication: October 7

Year of Publication: 2020

Publication City: London, UK

Publisher: BBC

Categories: , ,

Extreme poverty is set to rise this year for the first time in more than two decades, with coronavirus expected to push up to 115 million people into that category, the World Bank has said.

The pandemic is compounding the forces of conflict and climate change, which were already slowing poverty reduction, the bank said.

By 2021, this could rise to as many as 150 million, it added.

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