Pandemia, World Bank: 60 million people can face extreme poverty

He has said that the Bank expects economic growth to shrink by 5 percent this year, until nations face pandemic.

This post - pandemic situation has contributed to the loss of millions of jobs and damage to businesses, especially in poorer countries.

“Milions for life have been destroyed and healthcare systems are tense throughout the world”, he said.

Our assessment is that as many as 60 million people will be driven towards extreme poverty that destroys the progress made in eliminating poverty in the last three years”, he has warned.

The World Bank defines the extreme <x0).

This Washington-based institution is offering grants and loans of low interest worth 160 billion dollars to help poor countries fight the crisis.

Malpas has said that 100 countries, which are home to 70 percent of the world's population, have now provided emergency finances.

Over 4 million people worldwide have been infected with the new choreography until over 320,000 have died.