60 million people at risk of poverty: the world Bank said the reasons

David Malpass, the head of the world Bank, said that due to the outbreak of coronavirus and the isolation of about 60 million people are at risk of poverty.

According to the head of the world Bank, in a state of “extreme poverty” is already 60 million people on Earth. The income of these people is in the order of 1.9 dollars per day, informs resource LigaNews with reference to “Interfax“.

Malpass sure that in 2020 the global economy will face a deep recession. “To return to growth, our goal should be rapid and flexible response to emergency situations in health care, providing money and other support to the poor, the maintenance of the private sector and strengthening economic sustainability,” he said.

Within 15 months the world Bank plans to allocate $ 160 billion in subsidies to those countries that are most affected by the epidemic coronavirus infection.

Today, funds are distributed among 100 countries, where about 70 % of the world population. 39 of them are in Africa. However, these efforts are not enough, I’m sure Malpass. It encourages billionaires to provide financial assistance to these countries.

Not long ago a group of experts from the organization Oxfam said that due to coronavirus at risk of poverty may be 500 million people.


Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Please disable your ad blocker

We know you are here for the stories. Not the ads. But we need the ads to keep the lights on. So please whitelist
Cookie Box Settings