The is contained in the World Bank’s new Poverty, Prosperity, and Planet Report that offers the first post-pandemic assessment of global progress toward eradicating poverty and boosting shared prosperity on a livable planet. “Almost 700 million people – 8.5 percent of the global population – live today on less than $2.15 per day, with 7.3 percent of the population projected to be living in extreme poverty in 2030. Extreme poverty remains concentrated in countries with historically low economic growth and fragility, many of which are in Sub-Saharan Africa”. The report notes that ending poverty for half the World could take more than a century, and offers pathways to progress through faster, greener, more inclusive growth. Yet, 1.7 billion people, 20 percent of the global population, still live in high-inequality economies, concentrated mostly in Latin America and the Caribbean, and Sub-Saharan Africa.

Source: Nigerian Tribune October 16, 2024 01:31 UTC