United Nations report suggested COVID plunged 77 million into poverty prior Ukraine war

Sakshi Education

According to a United Nations report released, the pandemic pushed 77 million additional people into severe poverty last year, and many developing nations are unable to recover due to the heavy cost of loan repayments — and that was before the extra burden of the crisis in Ukraine.
According to the United Nations, 812 million people lived in severe poverty on $1.90 per day or less in 2019, and by 2021, the figure had climbed to 889 million due to the pandemic.
The report focuses on funding to accomplish the United Nations’ 2030 development goals, which include eradicating poverty, providing high-quality education to all young people, and attaining gender equality.
The war in Ukraine has had a global impact. According to a United Nations report, the war in Ukraine has put 1.7 billion people at risk of rising food, energy, and fertiliser costs.
Even after absorbing the impact of Russia’s war in Ukraine, the analysis projects that GDP per capita in 20% of developing countries will not return to pre-2019 levels by the end of 2023.
According to the report, the poorest developing countries pay 14 percent of their revenue in debt interest, with many being compelled to cut budgets for education, infrastructure, and capital spending as a result of the pandemic.