The World Bank reports that extreme poverty is increasing in 39 war-torn countries, primarily in Africa, where civil wars and conflicts have drastically hindered economic growth. Affected nations saw an average income decline of 1.8% per year since 2020, compared to a 2.9% growth in other developing economies. With 421 million individuals living on under $3 a day, urgent intervention is necessary from western governments to rebuild institutions and provide support to combat escalating hunger and poverty. The forecast suggests this figure could rise to 435 million by 2030.
Since 2020, the level of national income per head of population has shrunk by an average of 1.8% a year in the affected countries, while it has expanded by 2.9% in other developing economies.
The World Bank urged western governments to step up support for war-torn countries to end the conflicts and rebuild vital institutions.
421 million people are struggling on less than $3 a day in economies afflicted by conflict or instability, more than in the rest of the world combined.
Extreme poverty is accelerating in 39 countries affected by war and conflict, leaving more than a billion people to go hungry, according to the World Bank.
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