Economy

Global Poverty Eradication Could Take Over a Century, World Bank Warns

The Long Road Ahead: Eradicating Global Poverty ‍Could Take Over a Century

A‌ new report from the World ​Bank paints a sobering picture⁤ of⁤ the⁢ fight against global poverty.⁣ Despite progress, achieving the goal of a world without poverty by⁣ 2030 is increasingly unlikely, with experts ​predicting‌ it ‌could take over a century.

The report, titled “Poverty and Shared Prosperity 2024: Toward a New Development Compact,” highlights the⁤ immense challenges facing the world today. ‌ ​A confluence of⁣ factors, including‌ sluggish economic growth, the⁢ lingering effects of the COVID-19 pandemic, escalating debt ⁢levels, ongoing conflicts, and‍ the growing threat of climate change, are⁣ creating significant setbacks in poverty⁣ reduction efforts.

Currently, a ⁤staggering 44% of the world’s population, nearly ‌half, lives below the poverty line, defined

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The MoroccoMirror team is a group of passionate journalists dedicated to Morocco and its rich culture and history. We strive to provide comprehensive coverage of the latest events in the country, from politics and economics to culture and sports. Our commitment is to deliver accurate and reliable information to our readers, while maintaining an engaging and enjoyable style.

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