The coronavirus virus epidemic has pushed nearly 37 million people into extreme poverty in addition to reversing progress made in the health sector over the past several decades, a report by the Bill and Melinda Gates Foundation said on Tuesday.
It said that the “widespread devastation” – one that has hit every country regardless of the actual spread of the disease – is economic.
Citing a projection by the International Monetary Fund (IMF), the report said the global economy lost $ 12 trillion or more by the end of 2021, despite spending $ 18 trillion in an attempt to stimulate worldwide growth. Will give.
The annual “Goalkeepers Report” by the Foundation mainly analyzes progress on the United Nations Sustainable Development Goals (SDGs) to address poverty and health issues.
It said that India was able to transfer cash to 200 million women in the midst of the coronovirus crisis and it not only reduced the impact of the epidemic on hunger and poverty but also pushed forward the country’s long-term goal of empowering women.
In an interview to PTI, the co-chairman of the Foundation Bill Gates stated that the entire Aadhaar digital financial system in India has once again proved to be a “huge asset”.
“Getting payments through digital cash transfer is a great thing, and obviously, India has done what no other country has done,” he said.
In the report, the Foundation stated that extreme poverty has increased 7 percent in just a few months due to COVID-19, ending a 20-year streak of progress.
“The crisis has put nearly 37 million more people in extreme poverty, coming down to 20 years straight after that number. Also, it turns out how fragile progress is: living just above the extreme poverty line People who have fallen down because of COVID-19 were clearly weak despite it not being officially bad.
It stated, COVID-19 would indirectly cause more women to suffer and die than men, as the epidemic disrupted healthcare before, during and immediately after delivery.
Elaborating on how the epidemic has affected routine vaccination, vaccination is a good proxy measure for how the health system is functioning, falling to levels last seen in the 1990s.
“In other words, we’ve set back about 25 years in about 25 weeks,” it said.
The report also talks about the “danger” of how COVID-19 can force countries to divert their attention from dealing with a “residual epidemic”. “It will be a heart-wrenching injustice. It will also go against the selfishness of the countries at the forefront,” he said.
The report said that the epidemic is also having a serious impact on education.
“Before the epidemic, the world already had a learning crisis, with 53 percent of students in low- and middle-income countries – and 87 percent in sub-Saharan Africa – a normal until they are 10 years old. Are unable to read the text. Old, “it said.
The report noted that these disparities are likely to increase due to financial constraints and school closures, with girls at particular risk of not returning to school.
In the interview, Mr. Gates said, however, usually the goalkeepers report present a very optimistic view that reminds people about things like economic growth, literacy, child survival, average life span, this year’s report Was different.
“This year’s report, unfortunately, we are unable to say that progress has been made. In fact, we talk about setbacks, and in a way we globalize it, such as for vaccine coverage globally. , Which went from 84 percent to 70 percent, we say it is a 25-year setback, ”he said.
(This story has not been edited by NDTV staff and auto-generated from a syndicated feed.)