The COVID-19 pandemic could push another 200 million people into extreme poverty unless action is taken to accelerate development efforts, according to a new United Nations report.
If economic recovery from the pandemic is “long, uneven and highly uncertain”, as the chief economist of the International Monetary Fund forecast recently, the UN warns 1 billion people could be living in the most abject poverty by 2030.
The prediction is contained in a study looking at how the pandemic could affect the UN’s Sustainable Development Goals (SDGs). It sets out three possible post-COVID-19 scenarios.
‘SDG push’
The worst case, which would lead to 207 million more people facing extreme poverty, assumes that 80% of the economic harm caused by the pandemic persists for a decade. But the UN says we can prevent this from happening.
If the global community focuses on achieving the SDGs over the next 10 years, the situation would be reversed with 146 million lifted out of dire poverty. This would put the world on a faster track to end the worst levels of poverty than was expected before the pandemic, the UN says.
But without an “SDG push”, even if there is a stronger-than-expected recovery, 44 million more people could be condemned to live in extreme poverty by 2030. The future depends on the decisions we take today, according to Achim Steiner, UN Development Programme Administrator.
“The COVID-19 pandemic is a tipping point, and the choices leaders take now could take the world in very different directions,” he said. “We have an opportunity to invest in a decade of action that not only helps people recover from COVID-19, but that resets the development path of people and planet towards a fairer, resilient and green future.”
Collective action
We all have a part to play in helping to accelerate development and save millions more people from being forced into extreme poverty, the study says.
At its heart, the report – produced jointly with the University of Denver – calls on leaders and citizens to unite to rebalance the relationship between nature, climate and economy. This means eating less meat, using water and energy more efficiently and boosting investment in renewable energy.
The report highlights government actions to help people plunged into poverty by the effects of the pandemic, including schemes like Spain’s minimum income guarantee, which has lifted 850,000 households and 2.3 million individuals out of poverty.
More needs to be done to lift the burden on women carrying out unpaid domestic work during lockdowns, including caring for those with COVID-19, says the report. It commends Uruguay for its publicly funded care system for children, the elderly and those with disabilities.
A crucial moment
“We have an unprecedented opportunity to accelerate and transform global development through an unprecedented crisis,” the report adds.
“By redirecting our efforts along proven development pathways, we can enhance future development and ensure that our new trajectory is more resilient than the one we were on prior to the pandemic.”
It’s a view that’s echoed in the World Economic Forum’s COVID-19 Risks Outlook, which says that if the right post-pandemic actions are taken we can create “more cohesive, inclusive and equal societies”.
Source: World Economic Forum