{"id":5463,"date":"2022-10-12T19:39:00","date_gmt":"2022-10-12T19:39:00","guid":{"rendered":"https:\/\/businessner.com\/?p=5463"},"modified":"2024-01-13T10:22:46","modified_gmt":"2024-01-13T10:22:46","slug":"world-bank-global-anti-poverty-targets-face-disappointing-setbacks","status":"publish","type":"post","link":"https:\/\/businessner.com\/world-bank-global-anti-poverty-targets-face-disappointing-setbacks\/","title":{"rendered":"World Bank: Global Anti-poverty Targets Face Disappointing Setbacks"},"content":{"rendered":"
The world is unlikely to achieve its objective of eradicating extreme poverty by 2030 absent history-defying rates of economic growth over the remainder of this decade, the latest World Bank Poverty and Shared Prosperity Report<\/u><\/a>\u00a0revealed.<\/p>\n According to the international financial institution, COVID-19 caused the worst setback to global efforts to reduce poverty since 1990, and with the latest Ukrainian crisis and geopolitical tensions among nations pose a threat to make matters worse.<\/p>\n The World Bank report provides the first comprehensive look at the global landscape of poverty in the aftermath of the extraordinary series of shocks to the global economy over the past few years.<\/p>\n The report estimates that the pandemic pushed about 70 million people into extreme poverty in 2020, the largest one-year increase since global poverty monitoring began in 1990. As a result, an estimated 719 million people subsisted on less than $2.15 a day by the end of 2020.<\/p>\n