Global efforts to eradicate extreme poverty have faced significant setbacks by the COVID-19 pandemic and a series of major shocks during 2020-22.
The pandemic caused extreme poverty to increase in 2020 for the first time in decades, reversing global progress by three years. Recovery has been uneven, with low-income countries lagging behind. With the ongoing poly-crisis, ending poverty by 2030 appears increasingly out of reach, particularly in regions that lack the fiscal capacity to cope with economic stresses.