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165 million people fell into poverty in 3 years of crisis: UN

165 million people fell into poverty in 3 years of crisis: UN

23 Sept 23:37 Key points summarised by AI
  • Global crises, including the Covid-19 pandemic, cost-of-living crisis, and the war in Ukraine, pushed 165 million people into poverty since 2020, with 75 million falling into extreme poverty.
  • The United Nations Development Program (UNDP) reports that the poorest populations are disproportionately affected, with their incomes projected to remain below pre-pandemic levels.
  • The UN advocates for a 'debt-poverty pause' for economically struggling countries, urging them to redirect debt repayments towards financing crucial social expenditures.
  • A significant burden on developing nations is highlighted, as 3.3 billion people live in countries that spend more on debt interest than on essential services like education and health.
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