- The World Bank released a new “Poverty and Shared Prosperity” report Wednesday, outlining progress in the global fight to end extreme poverty.
- An international developmental lending institution, 2020 saw 71 million more people living on $2.15 (€2.18) a day or less (the new standard benchmark for extreme poverty), bringing the overall total to 719 million people — about 9.3% of the global population — and signaling the biggest single-year leap in more than 30 years.
- The report noted that without a massive hike in economic growth, some 574 million people — roughly 7% of the global population — would still be living in extreme poverty in 2030.
World Bank : Extreme poverty here to stay 05.10.2022
