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Economic distancing: 60 million face extreme poverty – World Bank

The coronavirus pandemic and its economic consequences could push as many as 60 million people into extreme poverty.

The World Bank warns that the progress made over the past three years in the fight against poverty could be wiped out. Living on less than $1.90 per person per day is how the financial institution defines extreme poverty.

Nevertheless, its President, David Malpass, welcomes the efforts made so far: $5.5 billion in emergency aid to 100 developing countries.

He says rapid respon…
READ MORE : http://www.africanews.com/2020/05/21/economic-distancing-60-million-face-extreme-poverty-world-bank

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