Offering fresh data on how social assistance spending has cushioned the unparalleled economic shock triggered by the pandemic, the UN Development Fund’s (UNDP) Mitigating Poverty assessment, revealed that in the 41 countries for which data was available, around 12 million people were prevented from falling below the poverty line, out of 15 million in danger. Rich countries fair better
While the overall mitigation impact was strong, the study also uncovered that it was largely confined to high and upper middle-income States.
Rich countries spent up to 212 times per capita more than poor nations, on social assistance.UNDP Administrator Achim […]
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