Do you know that 2020 and 2022 are the two worst years for #poverty reduction since at least 1990? Why?
The pandemic dealt the largest setback to global-poverty reduction efforts. (1/4)
The #income losses of the world’s poorest were twice as high as the world’s richest in 2020.
The poorest also faced large setbacks in #health and #education, with devastating consequences, including premature mortality, and pronounced learning losses. (2/4)
Extreme #poverty is concentrated in parts of the world where it will be hardest to eradicate:
- in Sub-Saharan Africa,
- conflict-affected areas,
- and in rural areas. (3/4)
Resilient #recovery will depend on a wide range of policies. The @WorldBank’s latest Poverty and Shared Prosperity report focuses on fiscal policy —a key area at the center of pandemic and post-pandemic responses.