Senior Data Scientist, Poverty and Equity Global Practice, World Bank. The report was launched on Thursday at midday virtually. The methods that have been used to estimate poverty in India for 2017 are discussed in box 1.2 of World Bank. Now, for the first time in a generation, the quest to end poverty has suffered a setback. The pandemic and global recession may cause over 1.4 per cent of the worlds population to fall into extreme poverty, World Bank Group President David Malpass said. doi: 10.1596/978-1-4648-1602-4. Previous Poverty and Shared Prosperity Reports have conveyed the difficult message that the world is not on track to meet the global goal of reducing extreme poverty to 3 percent by 2030. Fell into poverty today. The World Banks Macro Poverty Outlook for East Asia and the Pacific released a report this week indicating that the poverty rate is likely to hover within 20.8 percent by end of 2019, down from 26 percent, or more than a quarter of the population, in 2015. Had the pandemic not convulsed the globe, the poverty rate was expected to drop to 7.9% in 2020. Poverty and Shared Prosperity 2020: Reversals of Fortune. To predict poverty in the former we use the GEP growth forecasts from January 2021, and for the pandemic free world, we use GEP growth forecasts made in January 2020. Pinch to zoom in the map and touch the country to get more details about the status of its poverty. The North accounted for 87 per cent of all the poor people in Nigeria in 2016, the World Bank has disclosed in a new report. If the pandemic would not have been there, the poverty rate was expected to drop to 7.9 per cen t in 2020. April 2020 7.9 69.2 150.4 POVERTY Period Poverty Economist: Silvia Redaelli (million) Number of Poor 2015 2015 2015 3.9 34.7 75.4 234,021,212. This was contained in its development report The World Bank Group expects to deploy up to $160 billion over 15 months through June 2021 in financing tailored to the health, economic, and social shocks countries are facing as a result of the COVID-19 pandemic. Somalia. The World Bank says inflation pushed seven million Nigerians below the poverty line in 2020. Global extreme poverty rate is projected to rise by around 1.3 percentage points, to 9.2 per cent in 2020. 234,248,890. The World Bank (WB) has estimated that poverty in Pakistan has increased from 4.4 per cent to 5.4 per cent in 2020, as over two million people have fallen below the poverty line. Minh Cong Nguyen. More October 8, 2020. Nearly 100 million people are expected to fall into poverty due to Covid-19 causing the world to miss its goal of eradicating poverty in a decade, according to the World Bank Select a Poverty Line International Poverty Line ($1.90) Lower Middle Income Poverty Line ($3.20) Upper Middle Income Poverty Line ($5.50) Latest Poverty and Equity Brief (pdf) For the Spring 2020 version, click here. This disclosure is contained in the Banks update report on the countrys economy. Marta Schoch, Dean Mitchell Jolliffe, Christoph Lakner | December 02, 2020. 6,244. The pandemic and global recession may cause over 1.4% of the worlds population to fall into extreme poverty, said World Bank Group President David Malpass. The World Bank has said inflation pushed at least seven million Nigerians into poverty in 2020. The Poverty and Shared Prosperity 2020 report provides recommendations for a complementary two-track approach: responding effectively to the urgent crisis in the short run while continuing to focus on foundational development problems, including conflict and climate change. Four rounds of BLSS Poverty rate (%) 2 3 6 7 The Poverty and Shared Prosperity report 2020 shows that the number of poor has also increased at the US$3.20 and US$5.50 lines. Pinch to zoom in the map and touch the country to get more details about the status of its poverty. 2020. POVERTY HEADCOUNT RATE, 2004-2015 INEQUALITY TRENDS, 2004-2011 Source: World Bank using /SARMD/GMD Source: World Bank using /SARMD/GMD The national poverty estimates for India are based on rounds of Household Consumption Expenditure Surveys conducted by the National Sample Survey Office (NSSO). Previous Poverty and Shared Prosperity Reports have conveyed the difficult message that the world is not on track to meet the global goal of reducing extreme poverty to 3 percent by 2030. Compared to 2019, poverty in 2020 could rise by 120 million people. 2020a. Today, 40 percent of the global poor live in fragile or conflict-affected situations, a share that Compared to the baseline path for poverty, the 2020 figure is 144 million people higher. The Covid-19 pandemic States are completely off-track to meet their goal of extreme poverty eradication by 2030, The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Before the pandemic, the extreme poverty rate was expected to Jordan. The 2020 Atlas of Sustainable Development Goals: Stories and insights through innovative visuals. While COVID-19 is a new obstacle, conflicts and climate change have been increasing extreme poverty for years in parts of the world. If the virus increased the Gini by 2% in all countries, then more than 90 million may have been driven into extreme poverty in 2020. The World Bank on Wednesday warned that by 2021, as many as 150 million people are likely to be in extreme poverty because of the coronavirus pandemic and countries will have to prepare for a different economy post-Covid by allowing capital, labour, skills and innovation to move into new businesses and sectors. Senior Data Scientist, Poverty and Equity Global Practice, World Bank. Malaysia's economy is projected to contract in 2020 because of the COVID-19 pandemic and associated economic disruptions, with GDP forecast to decline in the range of 0.1 to 4.6 percent. Palestinian economy is set to shrink between 7.6 and 11 percent, a severe downturn after 1 percent growth in 2019. This is nearly twice the number of new extreme poor While under the bank West Bank poverty may double over pandemic: World Bank. 22,102. 2020a. The address delivered by Prince Clem Ikanade Agba of Nigeria at the virtual launch event The 2020 Global Multidimensional Poverty Index (MPI) data and publication "Charting pathways out of multidimensional poverty: Achieving the SDGs" released on 16 July 2020 by the Oxford Poverty and Human Development Initiative at the University of Oxford and the Human Development Report Office The $1.90 a day poverty line, which reflects the value of national poverty lines in some of the poorest countries, is often referred to as the extreme poverty line. The report is released twice annually for the Spring and Annual Meetings of the World Bank Group and International Monetary Fund. We estimate that a decline in GDP per capita of 3%the optimistic forecast for 2020 will increase the number of Africans living below the international poverty line of $1.90 (2011 PPP) by 13 million. All queries on rights and licenses should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; e-mail: pubrights@worldbank.org. One of the twin goals of the World Bank, as well as SDG 1.1, is to reduce extreme poverty by 2030. Results of Mongolia COVID-19 Household Response Survey. World Bank, Washington, DC. The report said that the 7 million people might have become poor from no direct impact of Covid-19. Poverty and Shared Prosperity 2020: Reversals of Fortune. Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population) 2000 8 26 44 World. Negre is also affiliated with the German Development Institute. The In its latest report on the Zimbabwe economy, the World Bank projects a 3.9% recovery for Zimbabwes economy.

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