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Global Poverty Index increases for first time
The global "Multidimensional Poverty Index" has recorded an increase for the first time since its launch in 2010, reaching 1.2 billion people suffering from poverty, an increase of 51.5 million in just one year, according to a United Nations report and the Oxford Initiative. This rise is attributed to population growth, even though some countries, especially in Asia and sub-Saharan Africa, have made progress in reducing poverty rates. Extreme poverty primarily results in a lack of adequate housing, water, electricity, and educational services, with the majority of the poor living in rural areas. This increase serves as a global warning, highlighting the need for joint efforts to address the challenges associated with poverty.
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