The World Bank has argued that the world is unlikely to achieve the long-term goal of eliminating extreme poverty by 2030.
Reuters quoted World Bank President David Malpass as saying in a report: The Covid-19 pandemic marks a historic turning point after decades of poverty reduction, as 71 million people were living in extreme poverty in 2020.
The report added: This means that 719 million people, or about 9.3% of the world's population, live on only $2.15 a day, and that the ongoing war and high food and energy prices are all reasons that threaten to further impede efforts to reduce poverty.
He pointed out that extreme poverty is now concentrated in sub-Saharan Africa, where the poverty rate is about 35 percent, and the figure represents 60 percent of all people living in extreme poverty.
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