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Coronavirus may push 150 mln people into extreme poverty – World Bank

Coronavirus may push 150 mln people into extreme poverty – World Bank

THE World Bank says that the coronavirus pandemic could push as many as 150 million people into extreme poverty by the end of 2021, wiping out more than three years of progress in poverty reduction. Releasing its flagship biennial report on poverty and shared prosperity, the multilateral development lender said that an additional 88 million to 115 million people will fall into extreme poverty - defined as living on less than $1.90 a day -in 2020. The report said this could grow to 111 million to 150 million by the end of 2021. That would mean that 9.1-9.4% of the…
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