Why Are We Witnessing the Biggest Setback to Global Poverty Reduction in Decades?
COVID-19, the war in Ukraine, and other crises have dealt the biggest setback to global poverty reduction in decades. 2020 alone saw the largest one-year increase in extreme poverty since global monitoring began. Ruth Hill, a lead economist at the World Bank discusses the recent Poverty and Shared Prosperity Report and we hear from Sonia Cifuentes in Bogota, Colombia, about how a government cash transfer program helped her when she needed support to cover the basics for herself and her children.