Pandemic could push 60mn into extreme poverty, World Bank warns

"Our estimate is that up to 60 million people will be, erasing all the progress made in poverty alleviation in the past three years, and our forecasts indicate a deep recession," Malpass said.

Nearly five million people have been infected by the virus around the world, and more than 300,000 have died since it first appeared in China in late 2019.So far, the World Bank has spent $5.5-billion to shore up beleaguered health systems, economies and social services in poor countries. But Malpass stressed that the World Bank's efforts alone were insufficient, and urged donor nations to step up bilateral aid to poorer countries to ensure a durable recovery.

He said restoring the flow of remittance payments and tourism -- key sources of income for developing countries -- would be"critical steps in the reopening."

The pandemic, or the lockdown?

ShashikaNaidoo Wow they have reserved just enough seats for the whole South African population. ANCMustFall

At least then the ANC can hide behind the virus as a reason fir the extreme poverty in our country. The pandemic exposed the incompetence of our govt. shameful

Already 30.4 Million Azanians live below the poverty line + more than 10 Million Azanians who are unemployed+ the New COVID-19 related wave of MORE Millions in who will be unemployed.

Poverty brings crime! A hungry man have no respect of law or authority. This lockdown must end.

People loving this here by clicking the ♥ you love that fact or what is it? How do u project numbers World bank?

Since when capitalists genuinely wants to eradicate poverty? Is it not true that the gap between the poor and therich gets wider daily.Most young people are not employed so what help is there for them if business open today?

60 percent of the population infected

We were and still are poor, what poverty are talking here?

Poverty my foot

Where was the warning in January. Stop funding WHO

We want our land back

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