COVID-19 pandemic may push 100 MILLION people into extreme poverty, says World Bank Chief

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World Bank President David Malpass warned the COVID-19 pandemic is likely to drive as many as 100 million people back into extreme poverty.

Earlier, the bank estimated that 60 million people would fall into extreme poverty owing to the COVID-19 outbreak.

During an interview with AFP, Malpass said the situation makes it “imperative” that creditors reduce the debt amount held by poor countries at risk.

The economic and social fallout has sprung not only from the deadly virus but also from the lockdowns that halted business activity around the world.