Devex: COVID-19 is changing the face of extreme poverty
“Not only will the COVID-19 pandemic force upward of 100 million people into extreme poverty, but it will also reshape what extreme poverty looks like, according to a new analysis from the World Bank. According to the bank’s latest projections, people who see their incomes fall below $1.90 per day — the international poverty line — due to the pandemic are more likely to be ‘urban, better educated, and less likely to work in agriculture than those living in extreme poverty before COVID-19.’ The bank’s ‘Poverty and Shared Prosperity 2020’ report, released on Wednesday, labels this group ‘the new poor’…” (Igoe, 10/7).