World 🌍. The health crisis could push an additional 100 million people into extreme poverty around the world, because of the Covid-19, warned the President of the World Bank.
✅ CORONAVIRUS – COVID 19. The health crisis could push an additional 100 million people into extreme poverty around the world, even more than the amount previously estimated, because of the Covid-19, warned the President of the World Bank, David MALPASS.
✅ This makes it “imperative” for creditors to reduce the debt of poor countries, said David MALPASS, thereby going beyond calls to extend the moratorium on the debt of the poorest countries.
✅ The G20 countries decided in April 2020 to suspend the debt repayments of the poorest countries until the end of 2020.
✅ NGOs but also the World Bank are calling for this moratorium, which concerns 76 countries, to be extended until 2021.
✅ In 2015, the most recent estimate given on the World Bank website, some 734 million people were already living in extreme poverty, or about 10% of the world’s population.
But extreme poverty – living on less than $ 1.90 a day – has continued to increase since the start of the pandemic.
This deterioration is due to the combination of job losses during the pandemic as well as supply difficulties, which complicate access to food.
“All of this contributes to throwing people into extreme poverty,” as long as the crisis persists, warned David Malpass.
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