This is the effect COVID-19 will have on global poverty, according to the World Bank

  • Forecasts suggest COVID-19 is likely to cause the first increase in global poverty since 1998.
  • Using the most recent data, the World Bank has predicted coronavirus is pushing 40-60 million people into extreme poverty.
  • The areas most affected depend on the impact of the virus on economic activity and the number of

Buzzwords and tortuous impact studies won’t fix a broken aid system

Development efforts over the past few decades have not been as effective as promised. Global poverty remains intractable: more than 4 billion people live on less than the equivalent of $5 (£3.80) a day, and the number of people going hungry has been rising. Important gains have been made in some areas, but many of

Pairing access to finance and energy to solve global poverty

Beginning in the 1980s, microfinance emerged as a way to tackle the myriad challenges of poverty by focusing on financial inclusion. It was recognized that lack of access to basic financial services, such as a small loan, was preventing billions of people from raising their standard of living. As of 2017, 1.7 billion adults globally remain

Go to Top