Tag Archives: Global poverty

According to the report updated by the UN Development Programme (UNDP), more than 1 billion people in the world, more than half of them children, live in acute poverty. While 584 million people under the age of 18 live in extreme poverty, the rate of those suffering from extreme poverty …

Anti-poverty campaigner Oxfam warned Monday that the world would face the biggest increase in global inequality on record as a result of the fallout caused by the COVID-19 pandemic unless governments radically reorganize their economies. In a report geared to inform discussions at the World Economic Forum’s (WEF) online panels of political …

As many as 115 million people could be pushed into extreme poverty this year due to the economic downturn caused by the coronavirus pandemic, the World Bank warned on Oct. 7.     That is a devastating reversal after decades of progress, and higher than the bank previously estimated, even as recently as August, …