2020 will forever be written in history books as the year of the Covid-19 pandemic. What began as a mysterious virus in Wuhan, China, in late 2019, quickly spread across the entire globe, leaving no continent, country, or community untouched, creating economical and humanitarian damage on a historic scale. “Conflicts, climate change and Covid-19 have created the greatest humanitarian challenge since the Second World War”, said António Guterres, United Nations Secretary-General a few weeks ago. “Together, we must mobilize resources and stand in solidarity with people in their darkest hour of need.”

And there will be, in fact, many in need. The World Bank expects that by the end of 2021, real GDP per capita in sub-Saharan Africa will likely regress to the same level as 2007. The outcomes of the financial crisis are already visible with Extreme Poverty (EP) on the rise for the first time in 23 years. Up to 150 million people could enter the EP statistics by the end of 2021, with the largest increases projected in Southern Asia and sub-Saharan Africa. …


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