1 in 6 children lives in extreme poverty: Analysis

Business Desk :
An estimated 1 in 6 children – or 356 million globally – lived in extreme poverty before the pandemic, and this is set to worsen significantly, according to a new World Bank Group-Unicef analysis released on Tuesday.
Global Estimate of Children in Monetary Poverty: An Update notes that sub-Saharan Africa – with limited social safety nets – accounts for two-thirds of children living in households that struggle to survive on an average of $1.90 a day or less per person – the international measure for extreme poverty. South Asia accounts for nearly a fifth of these children.
The analysis shows that the number of children living in extreme poverty decreased moderately by 29 million between 2013 and 2017. However, Unicef and the World Bank Group warn that any progress made in recent years is worryingly slow-paced, unequally distributed, and at risk due to the economic impact of the Covid-19 pandemic.