The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power.
India's growth rate can push its poverty elevation efforts: World Bank President Ajay Banga
New Delhi: India’s growth rate can be the vantage point in its poverty elevation efforts, according to World Bank President Ajay Banga.
New York: An additional 207 million people could be pushed into extreme poverty by 2030, due to the severe longterm impact of the coronavirus pandemic, bringing the total number to more than a billion, a new study from the UN Development Programme (UNDP) has found.
COVID-19 could drive global poverty back over one billion people: Study
New York: In dramatic new numbers researchers estimate that extreme poverty could spike as a result of the COVID-19 pandemic, on the day the postponed meeting of the world’s richest nations, the G7, should have finished.
COVID-19 to cause biggest economic contraction ever in Latin America & Caribbean
New York/IBNS: The COVID-19 pandemic will herald the worst economic contraction in the history of Latin American and the Caribbean, with a projected -5.3 per cent drop in activity this year, according to a report by the UN office for the region, ECLAC, published on Tuesday.
Caught in ‘poverty trap,’ least developed countries being left behind – UN report
New York, Dec 16 (Just Earth News): Even as the international community pledged to ‘leave no one behind’ with the adoption of the 2030 Agenda, the United Nations Conference on Trade and Development (UNCTAD) has warned that without stronger global support, 48 of the world’s most vulnerable countries will lose ground in economic development and face increasing levels of poverty.