The research by King’s College London and the Australian National University points to poverty increasing dramatically in middle-income developing countries, where millions of people live just above the poverty line.
“The pandemic is fast becoming an economic crisis for developing countries,” said Andy Sumner, a professor of international development at King’s College London and one of the report’s co-authors. “Without action this crisis could set back progress on reducing global poverty by 20 or even 30 years,” Sumner said.
Sumner said three actions need to be prioritized. First, a “rapid response global commission on poverty and COVID-19” needs to be established and led by a prominent global leader to identify the level of financing required and what rich countries can do to help.
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