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According to the report, nearly 700 million people around the world are classified as living in extreme poverty, surviving on less than USD2.15 per day per person. The UN declared Oct. 17 as the International Day for the Eradication of Poverty in a resolution adopted on Dec. 22, 1992.
According to a UN report, global extreme poverty had been declining rapidly from 1990 to 2019. However, the COVID-19 pandemic and the crises that followed triggered the largest global surge in poverty seen in decades.
The report also stated that nearly half of the world’s population, especially in regions such as South Asia and Sub-Saharan Africa, lives below the economic welfare levels that would be considered poverty in many upper-middle-income countries.
Source: PNA/ (AZERTAC
According to a UN report, global extreme poverty had been declining rapidly from 1990 to 2019. However, the COVID-19 pandemic and the crises that followed triggered the largest global surge in poverty seen in decades.
The report also stated that nearly half of the world’s population, especially in regions such as South Asia and Sub-Saharan Africa, lives below the economic welfare levels that would be considered poverty in many upper-middle-income countries.
Source: PNA/ (AZERTAC