annual meeting calculated the impact of the crisis on global poverty due to shrinking household incomes or consumption.
The report authors played through a number of scenarios, taking into account the World Bank’s various poverty lines -from extreme poverty, defined as living on $1.90 a day or less, to higher poverty lines of living on less than $5.50 a day. “Living day to day, the poorest people do not have the ability to take time off work, or to stockpile provisions,” the report warned, adding that more than 2 billion informal sector workers worldwide had no access to sick pay.
Calls for debt relief have increased in recent weeks as the fallout from the COVID-19 pandemic has roiled developing nations around the world.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Tjoooo