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The Guardian - UK
The Guardian - UK
Business
Larry Elliott Economics editor

Covid pandemic made poorest countries even worse off, World Bank warns

a woman carries water back to her village
More than half of the 75 IDA countries eligible for grants and concessional loans under the International Development Association are in sub-Saharan Africa. Photograph: Paul Jeffrey/Alamy

The devastating impact of the pandemic on the world’s poorest countries has brought poverty reduction to a halt and led to a widening income gap with nations in the rich west, the World Bank has warned.

In a report released to coincide with its half-yearly meeting, the Washington-based organisation said half of the world’s 75 poorest nations had seen income per head rise more slowly than in developed countries over the past five years.

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