Extreme poverty deepens as conflict escalates: World Bank

Ashad 13, 2082

AFP

Extreme poverty deepens as conflict escalates: World Bank

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The World Bank, publishing a new study report, has given a serious warning that the problem of poverty is becoming dire due to recurring conflicts and instability around the world.

According to the report, since the beginning of the 2000s, conflicts and the loss of human resources have tripled. Due to this, the situation of extreme poverty and food crisis is getting deeper in unsafe and conflict-affected countries .

This year alone, more than 420 million people are living on less than three US dollars a day, a situation defined by the World Bank as 'extreme poverty'. If it continues to grow at such a rate, it is estimated that this number may exceed 435 million by 2030.

World Bank Group Chief Economist Indermit Gill said,  'Even though the world community is currently focused on the conflict in Ukraine and the Middle East, half of today's conflict countries have been trapped in turmoil and instability for more than 15 years .

Currently, 39 countries are listed as conflict-affected countries, of which 21 countries are in direct armed conflict. This list includes countries like Ukraine, Somalia, South Sudan, Gaza Strip and the West Bank as well as Iraq. However, Iran is not included.

The World Bank says, 'Prevention initiatives that are carried out before a conflict starts are very cheap, effective and beneficial in the long term . '

World Bank's Deputy Chief Economist Ayhan Kose said, 'In the last one and a half decades, economic inertia has become the normal situation in conflict-affected countries, not development. The next effort can be decisive to bring about a change in such a situation.'

AFP

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