The impacts of COVID-19, rising global inequality and soaring food prices caused by the war in Ukraine are set to send more than a quarter-billion more people into poverty this year, according to charity group Oxfam International
Another Quarter Billion People Will Fall Into Poverty This Year, Oxfam SaysSazzad Hossain/SOPA Images/LightRocket via Getty Imageshe impacts of Covid-19, rising global inequality and soaring food prices caused by the war in Ukraine are set to send more than a quarter-billion more people into poverty this year, according to charity group Oxfam International.
Oxfam released the report ahead of the International Monetary Fund and World Bank Spring Meetings taking place next week in Washington, where global economic challenges and the shock of Russia’s invasion are set to feature as two of the main focuses. Oxfam warned that the return of inflation is a recipe for financial turmoil in lower-income countries that need dollars for their energy, medicine and food imports, and whose debt is largely in the U.S. currency.
“We reject any notion that governments do not have the money or means to lift all people out of poverty and hunger and ensure their health and welfare,” said Oxfam International Executive Director Gabriela Bucher. “We only see the absence of economic imagination and political will to actually do so.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anderson Cooper announces he tested positive for COVID-19The 54-year-old CNN anchor co-parents two children - Wyatt Morgan, turning 2 on April 27; and Sebastian Luke, 8 weeks -with his 'best friend and former partner' Benjamin Maisani
Read more »
The Queen says she was left 'very tired and exhausted' during her bout of COVID-19Nurses, builders and recovered COVID patients spoke to the Queen during a virtual hospital opening. Her Majesty described the past two years as 'this horrible pandemic'.
Read more »
Cost of living crisis has exacerbated period poverty, charities sayBloody Good Period has seen a 78% increase in demand for period products during the first quarter of 2022
Read more »
Cost of living crisis has exacerbated period poverty, charities sayBloody Good Period has seen a 78% increase in demand for period products during the first quarter of 2022
Read more »