Monday July 6, 2020

Struggling world economy is no excuse to ignore world's poorest

Today’s low-income countries must jump higher than their predecessors did to escape poverty

26th June, 2019
2
G20 an 'opportunity to do more' for poor. Pic: iStock

These headlines conceal an even gloomier story: the worsening plight of the world’s poorest people. With a weaker global economy making their climb out of poverty even harder, the world must support a range of bold policies to help them.

We know from recent experience what needs to be done. Between 2001 and 2019, the number of low-income countries – where annual per capita income is below $995 – fell by almost half...

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