Progress in Reducing Extreme Poverty Grinds to a Halt
This World Bank clip looks at how the events of the last three years - coronavirus and the war in Ukraine has stopped global poverty reduction, and actually pushed over 70 million people into poverty.
As a result, the goal of ending extreme poverty by 2030 is likely to be missed - and encourages national governments to restart poverty reduction programmes. That will be difficult, given the ongoing debt issues in many developing economies.
The 2022 Poverty and Shared Prosperity report projects that 7% of the world’s population will remain in extreme poverty in 2030, far short of the global goal of 3%, & identifies 3 priority actions for fiscal policy in the coming years
You can access the full report from the World Bank using the link below