PIB Corner
Poverty and Shared Prosperity 2020 Report
- Recently World Bank released its biennial Poverty and Shared Prosperity 2020 report which states that Poverty reduction has suffered its worst setback in decades, after nearly a quarter century of steady global declines in extreme poverty due to the recent pandemic.
- Global extreme poverty is expected to rise for the first time in 20 years because of the disruption caused by COVID-19, exacerbating the impact of conflict and climate change, which were already slowing down poverty reduction.
- The pandemic may push another 88 million to 115 million into extreme poverty or having to live ....
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