Eradication of Poverty 2021
The COVID-19 pandemic that gripped the world during the past year has resulted in over 3.7 million deaths and is reversing decades of progress in the fight against poverty and extreme poverty. According to the World Bank report on "Projected poverty impacts of COVID-19, "between 71 to 100 million people are being pushed into poverty as a result of the crisis, with the majority of the new extreme poor being found in South Asian and Sub-Saharan countries where poverty rates are already high". In 2021, this number is expected to rise to between 143 and 163 million.
These 'new poor' will join the ranks of the 1.3 billion people already living in multidimensional and persistent poverty who saw their pre-existing deprivations aggravated during the global pandemic.