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    LTTE the world’s only terrorists to use DOGS & GOATS for target practice – where are the animal activists? – Shenali Waduge

    LTTE the world’s only terrorists to use DOGS & GOATS for target practice – where are the animal activists? – Shenali Waduge

    රුසියාවේ කොවිඩ් එන්නත් යුක්රේනය තහනම් කරයි

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    Thieves leave slaughtered cattle heads by the road in Pitawala Pathana

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    Popular audio streaming service Spotify launches in Sri Lanka

    Popular audio streaming service Spotify launches in Sri Lanka

    Destruction of Wilpattu catchment area for Aloe Vera cultivation continues

    Destruction of Wilpattu catchment area for Aloe Vera cultivation continues

    Sri Lankan born Ranga Dias featured in Time Magazine’s ‘Next 100 List’

    Sri Lankan born Ranga Dias featured in Time Magazine’s ‘Next 100 List’

    Yellowing of paddy crops reported in many areas across the country

    Yellowing of paddy crops reported in many areas across the country

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    WATCH : Nagananda files petition to save Myan Kumara from captivity

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    Sri Lankan cricketer Upul Tharanga retires from International Cricket

    Sri Lankan cricketer Upul Tharanga retires from International Cricket

    SLC accuses Chaminda Vaas of resigning for monetary gain

    SLC accuses Chaminda Vaas of resigning for monetary gain

    ක්‍රීඩා අමාත්‍යවරයාගේ පූර්ණ බලය සහිතව රොෂාන් මහනාමගේ සභාපතිත්වයෙන් ක්‍රිකට් උපදේශන කමිටුවක්….

    Cricket Advisory Committee chaired by Roshan Mahanama to be appointed

    Sports Ministry launches ‘Cycling Sundays’ for public!

    Sports Ministry launches ‘Cycling Sundays’ for public!

    නාමල් වැඩ පටන් ගනී…. තේරුම් කමිටු සභාපති, භෞත චිකිත්සක,ශාරීරික අභ්‍යාසක  ගෙදර යවයි..

    Sports Minister takes key decisions on Sri Lanka cricket

    Former Indian Cricket super star Sourav Ganguly suffers cardiac arrest

    Former Indian Cricket super star Sourav Ganguly suffers cardiac arrest

    LPL final today : Galle Gladiators take on Jaffna Stallions

    LPL final today : Galle Gladiators take on Jaffna Stallions

    LPL kicks off today

    LPL kicks off today

    Diego Maradona: Argentine legend dies aged 60

    Diego Maradona: Argentine legend dies aged 60

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    LTTE the world’s only terrorists to use DOGS & GOATS for target practice – where are the animal activists? – Shenali Waduge

    LTTE the world’s only terrorists to use DOGS & GOATS for target practice – where are the animal activists? – Shenali Waduge

    රුසියාවේ කොවිඩ් එන්නත් යුක්රේනය තහනම් කරයි

    Ukraine bans use of Russian COVID-19 vaccines

    Covid

    Covid: How dangerous are the UK, South Africa, and Brazil strains?

    Pitawala Pathana

    Thieves leave slaughtered cattle heads by the road in Pitawala Pathana

    Covid 19

    Covid 19 : Sri Lanka crosses 50 000 infected mark

  • Sci & Tech
    • All
    • Environment
    Popular audio streaming service Spotify launches in Sri Lanka

    Popular audio streaming service Spotify launches in Sri Lanka

    Destruction of Wilpattu catchment area for Aloe Vera cultivation continues

    Destruction of Wilpattu catchment area for Aloe Vera cultivation continues

    Sri Lankan born Ranga Dias featured in Time Magazine’s ‘Next 100 List’

    Sri Lankan born Ranga Dias featured in Time Magazine’s ‘Next 100 List’

    Yellowing of paddy crops reported in many areas across the country

    Yellowing of paddy crops reported in many areas across the country

    Myan Kumara

    WATCH : Nagananda files petition to save Myan Kumara from captivity

  • Life
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  • Sports
    • All
    • LPL
    Sri Lankan cricketer Upul Tharanga retires from International Cricket

    Sri Lankan cricketer Upul Tharanga retires from International Cricket

    SLC accuses Chaminda Vaas of resigning for monetary gain

    SLC accuses Chaminda Vaas of resigning for monetary gain

    ක්‍රීඩා අමාත්‍යවරයාගේ පූර්ණ බලය සහිතව රොෂාන් මහනාමගේ සභාපතිත්වයෙන් ක්‍රිකට් උපදේශන කමිටුවක්….

    Cricket Advisory Committee chaired by Roshan Mahanama to be appointed

    Sports Ministry launches ‘Cycling Sundays’ for public!

    Sports Ministry launches ‘Cycling Sundays’ for public!

    නාමල් වැඩ පටන් ගනී…. තේරුම් කමිටු සභාපති, භෞත චිකිත්සක,ශාරීරික අභ්‍යාසක  ගෙදර යවයි..

    Sports Minister takes key decisions on Sri Lanka cricket

    Former Indian Cricket super star Sourav Ganguly suffers cardiac arrest

    Former Indian Cricket super star Sourav Ganguly suffers cardiac arrest

    LPL final today : Galle Gladiators take on Jaffna Stallions

    LPL final today : Galle Gladiators take on Jaffna Stallions

    LPL kicks off today

    LPL kicks off today

    Diego Maradona: Argentine legend dies aged 60

    Diego Maradona: Argentine legend dies aged 60

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Pandemic Will Push 150M Into ‘Extreme Poverty’ By 2021 : World Bank

Lankasara Editor English by Lankasara Editor English
October 8, 2020
in Business, News
427 9
Pandemic Will Push 150M Into ‘Extreme Poverty’ By 2021 : World Bank
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The COVID-19 pandemic is accelerating the rise in global extreme poverty, the first time there has been an uptick since before 2000, the World Bank said on Wednesday (Oct. 7). It is estimated that the worldwide pandemic will propel 88 million to 115 million people into extreme poverty in 2020, a number that could hit 150 million by 2021.

Extreme poverty, living on less than USD 1.90 per day affects an estimated 9.1 to 9.4 percent of the world’s population, according to the World Bank biennial Poverty and Shared Prosperity Report. It had been expected that the poverty rate would have dropped to 7.9 percent in 2020 if the pandemic had not happened.

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“The pandemic and global recession may cause over 1.4% of the world’s population to fall into extreme poverty,” said David Malpass, president, World Bank Group.

“In order to reverse this serious setback to development progress and poverty reduction, countries will need to prepare for a different economy post-COVID, by allowing capital, labor, skills, and innovation to move into new businesses and sectors. World Bank Group support — across IBRD, IDA, IFC and MIGA will help developing countries resume growth and respond to the health, social, and economic impacts of COVID-19 as they work toward a sustainable and inclusive recovery,” he added.

Extreme poverty has dropped for the past five decades despite natural disasters and war. But thanks to the coronavirus, the World Bank does not think extreme poverty will be eradicated by its original estimate of 2030. People living in poverty less than $3.20 per day per the World Bank is anticipated to go up by 170 million to 220 million people.

It is also estimated that some 490 million people will lose access to either potable water, sufficient food, electricity or education in 2021.

 

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