Solidarity needed to fight worsening poverty – WB

The World Bank stressed the need for strong international cooperation in reducing poverty as it warned that the number of extremely poor people would rise because of the impact of the coronavirus disease 2019 (Covid-19) pandemic, conflict and climate change.

“For the longer term, we need to reverse this negative trend of increased poverty and also to get back on track with regard to the Sustainable Development Goals — and that will require action by the international community be it on the multilateral side, bilateral side but also the national side,” Axel van Trotsenburg, managing director of Operations at World Bank, said during the End Poverty Day 2020 event hosted by the World Bank on Saturday as part of its Annual Meeting 2020.