WorldADB: First in 20 years! Asia's 90 million people in 'extreme...

ADB: First in 20 years! Asia’s 90 million people in ‘extreme poverty’; Don’t call it quits

Selim Reza

Extreme poverty has risen for the first time in 20 years in Asia and the Pacific. Corona has pushed 90 million people in Asia into extreme poverty. As a result, 32 crore people have fallen below the poverty line.

A report by the Asian Development Bank (ADB), a Manila-based think tank, has raised concerns. The report titled ‘Building Forward Together: Towards an Inclusive and Resilient Asia and the Pacific’ has been released. The report says that the Pandemic of coronavirus has worsened the poverty situation in the Asia-Pacific region (formerly Asia), the world’s second-largest region. It has further widened the rich-poor inequality.

According to international standards, those with a daily income of less than 1.90 (currently at ৮৬ 8.20 per dollar are 183.06 paise) are classified as ‘extremely poor’. And those earning দিনে 3.20 to ৫ 5.50 a day are considered to be living below the poverty line.

According to the report, the number of unemployed people in developing Asia and the Pacific has risen from 109 million to 168 million, accounting for 60 percent of the world’s total unemployment. The loss of wage income ranged from ৮ 348 billion to ৩ 533 billion.

The report called on countries to move forward with the goal of building a better economic system. Special emphasis has been placed on inclusion, empowerment and environmental sustainability in carrying out these recovery activities.

Note that the Asia-Pacific region is the second largest region in the world. This region includes 53 countries. These include Bangladesh, India, China, Pakistan, Sri Lanka, Malaysia, Korea, Indonesia, Iran, Iraq, Japan, Jordan, Kuwait, Maldives, Saudi Arabia and Singapore.

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