Nearly 7% of the World Population Will Live in Poverty by 2030, According to the World Bank

The World Bank has reported that it is impossible to eradicate extreme poverty by 2030. This was noted by Говорит Москва, referencing Forbes.

By that time, analysts predict that nearly 7% of the world's population is likely to live in poverty.

The reasons cited include the pandemic, the conflict in Ukraine, and rising food prices. The World Bank's report states that the goal of reducing extreme poverty to below 3% by 2030 is currently unachievable, as emphasized by Forbes.

The report also mentions that in 2020, 70 million people fell below the extreme poverty line, marking the largest increase since monitoring began in 1990.