President of the World Bank David Malpass warns that extreme poverty could surge by 100 million

President of the World Bank David Malpass warns that extreme poverty could surge by 100 million

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President of the World Bank David Malpass warns that extreme poverty could surge by 100 million

The president of the World Bank, David Malpass, warned that the coronavirus (Covid-19) pandemic may drive as many as 100 million people back into extreme poverty.

The Washington-based development lender previously estimated that 60 million people would fall into extreme poverty due to COVID-19.

The new estimate puts the deterioration at 70 to 100 million, and Malpass told the AFP news agency "that number could go higher" if the pandemic worsens or drags on.

The situation makes it "imperative" that creditors reduce the amount of debt held by poor countries at risk, going beyond the commitment to suspend debt payments, he added.


                                                                
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