Today's world faces a greater risk than ever, as the COVID-19 pandemic threatens to reverse years of progress in eradication of poverty and exacerbates existing inequalities as well as exposes our systems' fragility. 

An estimated 700 million people were living in severe poverty in early 2020. By the end of the year, the World Bank is already preparing for 88 to 115 million more people, which will go up to 150 million by 2021. More than 1.4 percent of the world population will fall into extreme poverty as a result of the pandemic and world downturn. 

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