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The pandemic pushed nearly 100 million people in poverty. They’re struggling to escape

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The World Bank estimates 97 million people around the world have fallen into poverty by 2020, less than $2 a day.

There has been little improvement since. “Globly, the increased poverty that comes with Covid in 2020 is still lingering, and Covid-induced poverty continues to 97 million people in 2021,” the World Bank’s Finance Committee said. blog later this year earlier. They watched, however, to lower poverty level this year.

“We had hardly enough to get back home,” said Dipali Roy in an interview in Bengali from his family’s home, a metal-framed hut in a village in northern Bangladesh.

Spouses sought new ways to seek sustenance, but struggled to adapt. They tried to find a loan to start a small business, but at first no one was willing or able to help. Some local nonprofit They were looking for security agencies, but they didn’t.

Hoping for a job in farming land, Pradip Roy has approached farmers. But being released as a Dhaka man, who could not cope with the harsh weather, he told his wife.

First of all, “the biggest problem was food,” he said 20-year-old Dipali Roy, who was pregnant at the time and sometimes only a single day could have lunch by the public accounts. “I don’t know what to do.

Dipali and Pradip Roy were driven into poverty last year after Bangladesh plagued pandemic led to the factories of their garments.
2020 is being led by a historical setback in the fight against global poverty, with the rising number of the world’s poorest for the first time in over 20 years according to the World Bank.

Carolina Sánchez-Páramo, global director of poverty and equity at the World Bank, likened the natural disaster pandemic that spreads quickly beyond its epicenter in Eastern Asia.

“We know the tsunami is coming,” she told CNN Business.

“If this wasn’t a problem” [economic shock] he was about to arrive in other developed countries, but when.’

Rising inequality

With millions of people pushed back into poverty, becoming ultra-rich richer Next year, billionaires enjoy this box total boost they are related to the share of resources, according to the World Inequality Lab.
And for only nine months, he was able to recover his fortunes to 1,000 of the world’s wealthiest men in the pandemic. more than a decade before the least successful recovers, according to the annual Oxfam International inequality report released in January.
India's billionaires become richer while coronavirus pushed millions of vulnerable people into poverty

Abed Shameran, executive director of BRAC International, a business that works to alleviate poverty across Asia and Africa, points to the richness gap, saying “the three richest people” are likely to be able to wipe out more poverty on Earth.

“It’s not their only responsibility,” he added. “But I’m just saying that generally enough resources” [to tackle the problem].

Recently it has been pinned as the top 1% pitch in humanitarian affairs.

In November, director of the World Food Programme called on billionaires set two of the world’s wealthiest men, Jeff Bezos and Elon Musk, to “progress in one time”.
UN to Acron Musk: Here's the $6 billion plan to fight world hunger

In an interview with CNN writer Becky Anderson, David Beasley said that raising $6 billion, or about 2% of Musk’s net worth, could help pay off world hunger.

“[It’s] $6 billion to help 42 million people literally die if we don’t get them. It is not complicated, he added.

The call-out got a direct response from Musk, who later via Twitter said that if the organization “exactly how” the farm could solve the problem, “Tesla stock is now selling and doing”.

The Tesla (TSLA) CEO did not respond to UN official release advice in November

What do you need now?

Abed, who recently worked with the members of Parliament in Britain to declare an “emergency” in the event, he argues thus: “Poverty is the policy of choice.”

“We know how to draw a large amount of people out of poverty,” said the non-profit chief, whose company Roys helped lend, which said the couple brought them back on their feet.

“There is a lot of content that doesn’t work.”

The first thing you need is experts to focus on vaccinations.

“We need to ensure that all have access to the vaccine or some kind of pandemic cure, because as long as you want to manage the attack on health care, it is very difficult to think about the right to economic recovery?” said Sánchez-Páramo. “That’s almost a necessary condition for something else to happen.”

Vaccines inequality has become a major issue in many of the world’s richest countries heap The blows, buying up their doses sufficiently, attack their people several times, and, failing to deliver on their promises, communicate with the developing world.

And as governments continue to rebuild It should also focus on the reactivation of economic activity, which would generate employment, as in the service sector, according to Sánchez-Páramo.

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Over the past two years governments around the world have developed incentives packages to help prop up their economies.

Sánchez-Páramo noted that, while many have since been under “fiscal pressure” on how much they were spent, it was important not to unroll the software safety net too quickly.

“they” [should] wait to receive employment before the income of the subsidy departs from some of these more vulnerable families,” he said.

“Because if we strengthen and roll back the subsidy more quickly, we may see a second wave increase in poverty, because there is no use yet.”

Shines of hope

Back in Bangladesh, Roys have better days.

After a 40,000 taka loan was obtained ($466), the leading wives and kids said they were feeding.

Pradip Roy now works as a driver with his leading passengers on the equivalent of about $6 a day. He said the family doesn’t have plans to return to the city, and are now preserving to buy a cow and get some agriculture.

While two have technically climbed out of poverty, hardships of the crisis have sealed the coronavirus.

Dipali Roy, who describes the pain of starvation while pregnant “wretched” the time of her life, said: “If I think or remember those times, my heart breaks out in tears.”

Dipali and Pradip Roy are forced to move their home in Bangladesha village next year to help cut expenses.

“But now we have very good days,” he added, saying he hopes for a future recovery and dreams that his six-month-old son will return to his master’s degree.

However, they have a warning to the international community: they still don’t forget the rest.

“There are many people like us who fell to the bottom,” said Pradip Roy. “If, therefore, you stand next to them, they can rise even as slowly as we can.”

– Esha Mitra in New Delhi and Ivana Kottasová in London contributed to this report.

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