Due to COVID-19, 37 million people in the world become very poor

 

Coronavirus has caused a lot of damage to the world economy. At the same time, ordinary people will also face a lot of trouble. 37 million people in the world are poor. In fact, the Bill and Melinda Gates Foundation report says that progress in the health sector over the past several decades has completely defied and put the world in a major economic crisis. According to the report, no matter how much the actual spread of corona has occurred, the virus has caused great financial devastation.

 

The foundation cited the IMF report as saying that in the Corona period, $ 18000 billion has been spent on improving the global economy and boosting growth. After that, by the end of 2021, a loss of 12 trillion or more is expected. The Foundation's annual report 'Goalkeepers Report' states that it analyzes the UN's Sustainable Development Goals on poverty alleviation and health-related issues.

 

In the report, the Foundation stated that extreme poverty has increased 7 per cent in just a few months due to COVID-19, ending the 20-year streak of progress. It said COVID-19 would indirectly cause more women to suffer and die than men, as the epidemic disrupted healthcare before, during and immediately after delivery.

 

Before the COVID-19 pandemic in the world, the world already faced a learning crisis, with the 53 per cent of students come from low- and middle-income countries and 87 per cent in sub-Saharan Africa are unable to read a simple text by the time they are the age of 10 years. The report said that these disparities are likely to increase due to financial constraints and school closures, with girls in danger of not returning to school.

 

According to the Foundation's report, during the Corona crisis, India has transferred cash to 200 million women. This step of India has helped a lot in tackling hunger and poverty in the country. At the same time, women empowerment has also been strengthened. According to the foundation, the Aadhaar digital financial system in India once again proved to be helpful. He said that payment through digital cash transfer is a great thing and apparently India did it at a level that no other country has done till date.