Global cost-of-living crisis leads to jump into extreme poverty, says UN

Global cost-of-living crisis leads to jump into extreme poverty, says UN

The global cost of living crisis is pushing 71 million more people in the world’s poorest countries into extreme poverty, warned this Thursday (7) a new report published by the United Nations Development Program (UNDP) this Thursday. fair (7).

Achim Steiner, UNDP administrator, said an analysis of 159 developing countries showed that the rise in prices of major commodities this year had already affected parts of sub-Saharan Africa, the Balkans, Asia and elsewhere.

UNDP has called for tailored action, and is seeking direct cash donations to the most vulnerable countries. He wants richer nations to scale up the Debt Service Suspension Initiative (DSSI) they created to help poor countries during the Covid-19 pandemic.

“This cost-of-living crisis is pushing millions of people into poverty and even starvation at breathtaking speed,” Steiner said. “With that, the threat of increasing social unrest grows every day”

Source: CNN Brasil