Sustainability Report 2022 | Goal 01 | No Poverty

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        END POVERTY IN ALL ITS FORMS EVERYWHERE





The coronavirus disease 2019 (COVID-19) pandemic has put steady progress in poverty reduction over the past 25 years into reverse, with the number of people in extreme poverty increasing for the first time in a generation. Now, rising inflation and the impacts of the war in Ukraine may derail progress further. The combined crises could lead to an additional 75 million to 95 million people living in extreme poverty in 2022, compared with pre-pandemic projections. While almost all countries have introduced new social protection measures in response to the crisis, many were short-term in nature, and large numbers of vulnerable people have not yet benefited from them. As things stand, the world is not on track to end poverty by 2030, with poorer countries now needing unprecedented levels of pro-poor growth to achieve this goal. 

First COVID-19 and now the Ukraine crisis are derailing progress on ending extreme poverty

Between 2015 and 2018, global poverty continued its historical decline, with the extreme poverty rate falling from 10.1 per cent to 8.6 per cent. This means that the number of people living on less than $1.90 a day dropped from 740 million to 656 million over this period. COVID-19 has made a severe dent in that progress. Nowcasts suggest that the global poverty rate increased sharply from 2019 to 2020, from 8.3 per cent to 9.2 per cent, the first rise in extreme poverty since 1998 and the largest since 1990. This erased more than four years of steady gains. It also means that an additional 93 million people worldwide were pushed into extreme poverty because of the pandemic. Little progress has been made since then in catching up to the pre-COVID trend. Forecasts for 2022 estimate that 75 million more people than expected prior to the pandemic will be living in extreme poverty. Rising food prices and the broader impacts of the war in Ukraine could push that number even higher, to 95 million, leaving the world even further from meeting the target of ending extreme poverty by 2030.



 

** This report is published by United Nations. 

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