It would mean the erasing of three years of progress in mitigating extreme poverty.
would be pushed into extreme poverty, the World Bank points to the pressure on healthcare systems as well as the impacts on both developing and advanced economic systems as factors for the increase.
"The health and economic impacts that the Covid-19 pandemic and shut down have inflicted on developing countries are severe," World Bank President David Malpass said on aThe World Bank is financing emergency programs in 100 countries representing 70% of the population, part of an initiative to spend $160 billion over 15 months to assist countries' healthcare, economic systems and social protection programs.
Thirty-nine of the 100 counties are in sub-saharan Africa, while nearly a third are in conflict areas like Afghanistan and Haiti."To return to growth, our goal must be rapid, flexible responses to tackle the health emergency, provide cash and other expandable support to protect the poor, maintain the private sector and strengthen economic resilience and recovery,” Malpass said in a statement.
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