World Bank On Poverty

The World Bank has painted a grim economic picture of Pakistan in its biannual report, cautioning that over 10 million more people are at risk of descending into poverty in the cash-strapped country.

In its latest monthly report known as the "Afghanistan Economic Monitor," the World Bank has noted that half of all Afghans are living in poverty, as reported by Tolo News on Thursday.

Pakistan is on brink of crisis where it should decide to remain a laggard with 40% population living below poverty line under elite capture or change course to take off for a brighter future.

India's growth rate gives it an advantage in tackling poverty if the country maintains the current momentum, the new World Bank President Ajay Banga said in Delhi today.

Russia's attacks on civilian infrastructure in Ukrainian cities away from the front lines will complicate the dire economic situation facing the country, which has already seen a tenfold increase in poverty this year, a top World Bank official said.

Covid-19 has dealt the "biggest setback" to global poverty reduction efforts in decades, and the World Bank warned Wednesday that the goal to eradicate extreme poverty by 2030 likely remains out-of-reach.

Belief in witchcraft in the southern African country of Malawi is almost as widespread as its poverty -- nearly three people in four live on less than $2 a day, according to World Bank data.

A recent Twitter post by Kabir Haqmal, who earlier worked with the Hamid Karzai government, shows how many talented professionals in Afghanistan have been pushed into poverty.

At least 49 million people across the world are expected to plunge into "extreme poverty" -- those living on less than $1.90 per day -- as a direct result of the pandemic's economic destruction and India leads that projection, with the World Bank estimating some 12 million of its citizens will be pushed to the very margins this year.

South Asia is on course for its worst economic performance in 40 years, with decades of progress in the battle against poverty at risk, because of coronavirus, the World Bank said Sunday.

India has halved its poverty rate since the 1990s and achieved a seven plus growth rate over the last 15 years, the World Bank said on Tuesday.

China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called for deep policy reforms and more transparency for the initiative.

On India, the World Bank in its report said economic growth remained robust, which, as in the past, is expected to support continued poverty reduction.

Russian poverty rates will return to 2007 levels this year as the economy continues to contract and inflation reduces people's purchasing power, the World Bank said on Wednesday.

Without the right policies to keep the poor safe from extreme weather and rising seas, climate change could drive over 100 million more people into poverty by 2030, the World Bank said on Sunday.

The World Bank has painted a grim economic picture of Pakistan in its biannual report, cautioning that over 10 million more people are at risk of descending into poverty in the cash-strapped country.

In its latest monthly report known as the "Afghanistan Economic Monitor," the World Bank has noted that half of all Afghans are living in poverty, as reported by Tolo News on Thursday.

Pakistan is on brink of crisis where it should decide to remain a laggard with 40% population living below poverty line under elite capture or change course to take off for a brighter future.

India's growth rate gives it an advantage in tackling poverty if the country maintains the current momentum, the new World Bank President Ajay Banga said in Delhi today.

Russia's attacks on civilian infrastructure in Ukrainian cities away from the front lines will complicate the dire economic situation facing the country, which has already seen a tenfold increase in poverty this year, a top World Bank official said.

Covid-19 has dealt the "biggest setback" to global poverty reduction efforts in decades, and the World Bank warned Wednesday that the goal to eradicate extreme poverty by 2030 likely remains out-of-reach.

Belief in witchcraft in the southern African country of Malawi is almost as widespread as its poverty -- nearly three people in four live on less than $2 a day, according to World Bank data.

A recent Twitter post by Kabir Haqmal, who earlier worked with the Hamid Karzai government, shows how many talented professionals in Afghanistan have been pushed into poverty.

At least 49 million people across the world are expected to plunge into "extreme poverty" -- those living on less than $1.90 per day -- as a direct result of the pandemic's economic destruction and India leads that projection, with the World Bank estimating some 12 million of its citizens will be pushed to the very margins this year.

South Asia is on course for its worst economic performance in 40 years, with decades of progress in the battle against poverty at risk, because of coronavirus, the World Bank said Sunday.

India has halved its poverty rate since the 1990s and achieved a seven plus growth rate over the last 15 years, the World Bank said on Tuesday.

China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called for deep policy reforms and more transparency for the initiative.

On India, the World Bank in its report said economic growth remained robust, which, as in the past, is expected to support continued poverty reduction.

Russian poverty rates will return to 2007 levels this year as the economy continues to contract and inflation reduces people's purchasing power, the World Bank said on Wednesday.

Without the right policies to keep the poor safe from extreme weather and rising seas, climate change could drive over 100 million more people into poverty by 2030, the World Bank said on Sunday.