What's happened
A World Bank report reveals that 39 countries affected by conflict have seen economic stagnation since the COVID-19 pandemic, with extreme poverty rising sharply. Over 420 million people live on less than $3 a day, highlighting the urgent need for international support to address these crises.
What's behind the headline?
Key Findings
- Economic Decline: The average economic output per person in conflict-affected countries has decreased by 1.8% annually since 2020, contrasting with a 2.9% growth in other developing nations.
- Poverty Levels: More than 420 million people in these countries live on less than $3 a day, with projections indicating this could rise to 435 million by 2030.
- Conflict Statistics: The number of conflicts has surged from an average of 6,000 annually in the 2000s to over 20,000 now, with fatalities increasing from 42,000 to nearly 200,000 per year.
- Food Insecurity: Approximately 18% of the population in these countries faces acute food insecurity, compared to just 1% in other developing nations.
Implications
- International Response: The report calls for increased support from Western governments to help rebuild institutions and end conflicts.
- Long-term Consequences: Without intervention, the cycle of poverty and instability is likely to persist, affecting global security and economic stability.
What the papers say
The Independent highlights the World Bank's findings, noting that extreme poverty is accelerating in conflict zones, with over a billion people going hungry. The Guardian emphasizes the need for international support, stating that civil wars and confrontations have severely hindered economic growth. AP News reiterates the World Bank's call for action, stressing that many countries have been in conflict for over 15 years, leading to chronic instability. Indermit Gill, the World Bank Group's chief economist, points out that while attention has focused on specific conflicts, the majority of those suffering are in Africa, underscoring the need for a broader perspective on global conflict and poverty.
How we got here
The World Bank's study assesses the impact of ongoing conflicts on economic growth in 39 fragile countries since the pandemic began in 2020. These nations have faced increasing instability, leading to significant declines in living standards and economic output.
Go deeper
- What are the main causes of rising poverty in these countries?
- How can international support effectively address these issues?
- What success stories exist in conflict-affected regions?
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