Covid-19 pandemic may make 150 million into extreme poverty by 2021

The World Bank in its report said as much as 150 million people are likely to be in extreme poverty because of the Covid-19 pandemic by 2021. “Countries will have to prepare for a different economy post-COVID-19 by allowing capital, labour, skills, and innovation to move into new business sectors,” World Bank Group said further.

 

The World Bank Group is a family of five international organisations that make leveraged loans to developing countries, with 189 member countries is a unique global partnership fighting poverty worldwide through sustainable solutions.