World Bank President David Malpass made very important statements. “60 million people will remain under the poverty line,” said Malpass. He announced that 100 countries are provided including emergency.
THE OUTCOME MAY DAMAGE THE PROGRESS AGAINST POVERTY
Addressing the impact of the coronavirus on the economy, Malpass said that the cessation of economic activity in the epidemic and developed countries could push 60 million people into extreme poverty and harm most of the progress made to reduce poverty so far.
GLOBAL ECONOMIC GROWTH CAN BE SHARPED BY 5%
World Bank President Malpass said she expects global economic growth to shrink by 5 percent while countries are dealing with the pandemic
EMERGENCY SUPPORT FOR 100 DEVELOPING COUNTRIES
Underlining that the World Bank is acting quickly and decisively to implement emergency operations in 100 countries, Malpass announced that the bank provides emergency support to 100 developing countries as part of the fight against coronavirus.