Fight against poverty has ground to a halt, World Bank warns

< 1 min read

Kyiv (France24) – The Covid-19 pandemic and Russia’s invasion of Ukraine have reversed three decades of progress in reducing poverty, according to the World Bank, which is warning that the global goal of eradicating extreme poverty by 2030 is now out of reach.

In its latest report, the Washington-based lender estimates that 70 million more people were forced into extreme poverty in 2020, the largest increase since monitoring began in 1990.

Solange Mougin speaks to Mari Pangestu, Managing Director of Development Policy and Partnerships at the World Bank and a former Indonesian trade minister.