Nearly 700 Million People Worldwide Live in Extreme Poverty – World Bank
Manila: Nearly 700 million people around the world are classified as living in extreme poverty, surviving on less than USD2.15 per day per person. This stark figure underscores the ongoing challenge of poverty eradication, a mission emphasized globally with the UN’s declaration of October 17 as the International Day for the Eradication of Poverty, established in 1992. According to Philippines News Agency, a UN report highlighted that global extreme poverty had been decreasing from 1990 to 2019. However, the COVID-19 pandemic and subsequent crises have led to the largest global rise in poverty in decades, halting progress since 2019. Almost