The report "First crisis, then catastrophe" by the non-governmental organization Oxfam reveals that by the end of this year about 860 million people around the world will be pushed into extreme poverty.
According to the organization, by the end of this year that number of people around the world will be living below the threshold set at $1.9 a day.
Mass starvation faces millions of people already locked in severe levels of hunger and poverty across East Africa, the Sahel, Yemen and Syria.
More: https://t.co/KvWqcpgsWP pic.twitter.com/CXg6wb6pDn- Oxfam International (@Oxfam) April 13, 2022
Based on research from the World Bank, Oxfam now estimates that rising global food prices alone will push 65 million more people into extreme poverty, for a total of 263 million more extreme poor this year.
"Without immediate radical action, we could be witnessing humanity's deepest collapse into extreme poverty and suffering in a long time," said Oxfam International Executive Director Gabriela Bucher.
The pandemic is the main cause of this rise in extreme poverty figures. This phenomenon that has attacked every aspect of the world economy for the past two years has been exacerbated by inequality and the rise in food prices caused by the war in Ukraine. All this has resulted in a number far higher than the estimates made before the appearance of covid-19.
Inequalities that persist if we compare countries. While a poor person in the United States spends less than 30% of the budget on food, that figure is around 60% in countries like Mozambique or Peru.
A graph presented this Wednesday by Euro News showed that 80% of the Mozambican population is in this condition.
Oxfam says that in the last two years, the world has lost the work done over decades in the fight against poverty. The report also notes that "thousands and thousands of dollars are in the hands of a small group of people who do nothing to counter the trend.