West Africa: Extreme poverty rises nearly 3 per cent due to COVID-19

Extreme poverty in West Africa rose by nearly three per cent in 2020, another fallout from the COVID-19 pandemic, a UN-backed report launched on Thursday that looks at the socio-impact of the crisis has revealed.

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Ukraine war: $100 billion in infrastructure damage, and counting

16 Mar 2022

War in Ukraine risks seeing 90 per cent of the country “freefall into poverty” and extreme vulnerability, nearly three weeks since Russia invaded its neighbour, a new UN report said on Wednesday.

World on the verge of climate ‘abyss’, as temperature rise continues: UN chief

19 Apr 2021

The Earth’s temperature continues to rise unabated, with 2020 being one of the three warmest years on record, as extreme weather events combine with the COVID-19 pandemic, impacting millions.

Coronavirus: World Bank confirms deepest recession since World War Two

08 Jun 2020

The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank said Monday in its latest Global Economic Prospects report.