With almost 600 million people across the world likely to have to make do with less than US$2.15 per day by year 2030, the globally touted progress in reducing extreme poverty is quite likely to grind to a shuddering halt by 2030 according to the World Bank’s recently released latest Poverty and Shared Prosperity Report.
The Bank’s assessment which will doubtless heap more woes on poor countries which, even now, are intimate with acute food shortages and their dire consequences, states that there is little if any chance of arriving at what it describes as the ‘history-defying rates of economic growth” over the remainder of the decade that it will take to arrive at the envisaged goal.