Some 333 million children worldwide are living in extreme poverty – a decrease of almost 50 million over the course of the past decade, according to a new report from the UN Children’s Fund (UNICEF) and the World Bank. Therefore, one in every six children is forced to survive on less than $2.15 a day.

 

The report’s authors say that millions more should have been lifted out of extreme poverty had it not been for three years of Covid-19-related disruptions, a WAM report said.

 

UNICEF Executive Director Catherine Russell said that the effects of the pandemic as well as conflict, climate change and economic shocks, have “stalled progress” on ending child poverty.

 

Redoubled efforts

She called for redoubled efforts to ensure that all children have access to essential services, including education, nutrition, health care and social protection, while addressing the root causes of extreme poverty.

 

“We cannot fail these children now,” she said.

 

The report shows that globally, children comprise more than 50% of the extreme poor, despite making up only a third of the world’s population.

 

Nearly 90% of children caught in extreme poverty reside in either sub-Saharan Africa or South Asia. Sub-Saharan Africa has both the highest rate, at 40% in 2022, and the largest share of the world’s extreme poor children, over 71% – a significant jump from just under 55% 10 years ago.

 

Rapid population growth

The authors say that rapid population growth and “limited” social protection measures have contributed to this steep increase. Meanwhile, all other regions in the world except the Middle East and North Africa have seen a “steady decline” in extreme poverty rates.

 

The report warns that, at current rates of reduction, the Sustainable Development Goal (SDGs) of ending extreme child poverty by 2030, or SDG 1, will not be met.-- TradeArabia News Service