Over a quarter of a billion more people could crash into extreme levels of poverty in 2022 because of COVID-19, rising global inequality and the shock of food price rises supercharged by the war in Ukraine, reveals a new Oxfam brief today.
- Oxfam
“First Crisis, Then Catastrophe”, published ahead of the World Bank and IMF Spring Meetings in Washington DC, shows that 860 million people could be living in extreme poverty — on less than $1.90 a day — by the end of this year.
This is mirrored in global hunger: the number of undernourished people could reach 827 million in 2022.
The World Bank had projected COVID-19 and worsening inequality to add 198 million extreme…