Poverty rate in Africa regresses to 2011 levels - Plataforma Media

Poverty rate in Africa regresses to 2011 levels

The regional director of the United Nations Development Program (UNDP), Ahunna Eziakonwa, said today that a poverty rate on the continent could return to 2011 levels due to the effects of the Covid-19 pandemic.

“A 5% drop in gross domestic product (GDP) per capita implies an increase of 75 million people in poverty, which reverses a poverty rate on the continent to 2011 levels, which is more worrying due to the high level of informality in economies ”, where only 17% of Africans benefit from some form of social protection, said Ahunna Eziakonwa.

In the final intervention of the inaugural session of the African Economic Conference, the UNDP leader stressed that “it is necessary to draw a future that looks beyond the recovery in 2030 and rediscover the zeal in the definition of political policies, mainly because when public resources are more useful , many countries are facing difficulties due to the high level of indebtedness ”.

Read more in portuguese at Jornal de Angola.

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