World Bank reveals coronavirus outbreak: 60 million people worldwide to face poverty

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New Delhi: More than 60 million people around the world will face the scourge of extreme poverty due to the coronavirus pandemic, the World Bank said on Tuesday. The global crisis has announced a 160 billion grant to 100 developing countries as part of a global crisis response campaign. All this help will be given over a period of 15 months.

“With the end of this epidemic and the collapse of the developed economy, more than 60 million people will be trapped in the mire of poverty. Much of the progress we have made in recent days to eradicate poverty will be wiped out.”
-David Malpos, President, World Bank

“The World Bank Group has stepped up its efforts and launched emergency relief operations in 100 countries,” he said. It allows more donors to move forward with the program. ” He said 160 billion would be paid in 15 months.

The 100 countries receiving assistance from the World Bank are home to 70 per cent of the world’s population. Of these, 39 are from sub-Saharan Africa. One-third of the total projects are in critical and terrorism-affected areas such as Afghanistan, Chad, Haiti and Niger.

“To get back on track, our goal should be a fast and flexible approach to dealing with health emergencies. At the same time, cash and other assistance to help the poor, sustain the private sector and strengthen the economy and revitalize.” Should be done. “
-David Malpos, President, World Bank