Coronavirus pandemic to push 60 mln into extreme poverty: World Bank

The World Bank has warned coronavirus crisis threatens to push some 60 million people into extreme poverty, wiping out the gains made over the past three years.

In a conference call, President World Bank David Malpass said bank is already financing aid programs in 100 countries, under its commitment to spend 160 billion dollars over the next 15 months. He urged donor nations to step up bilateral aid to poorer countries to ensure a durable recovery amid corona pandemic.