Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

FAO: World's Poor Lose $3.7 Trillion in Income due to  Corona  Pandemic

Sat 11 Dec 2021 | 06:29 PM
Ahmed Moamar

The Executive Director of the United Nations (UN) World Food Organization (WFO), David Beasley, said that poor people across the globe have borne the brunt of the economic crisis resulting from the Coronavirus pandemic, losing about  $ 3.7 trillions in income over the last three years.

During his speech at the Nobel Prize Distribution Ceremony in Oslo, the capital city of Norway, the head of the World Food Program (WFP) described the gap between the rich and the poor in the world, as "one of the biggest problems of the modern era", which has been exacerbated by the epidemic the pandemic of COVID-19.

"COVID-19 has had a devastating impact on the global economy, wiping out $3.7 trillion in income, mostly among the poor, while food prices, at the same time, are on the rise," Beasley added.

While those already living in poverty and struggling to obtain basic necessities, including food, lost most of their income.

On the other hand,  billionaires in developed countries gained an additional $1.8 trillion during the pandemic.

Beasley noted that the critical food situation arose around the planet in conflict areas and mostly low-income countries as a result of skyrocketing transport prices, which in some cases jumped by 400%. For example, in war-torn Syria, food is now seven times more expensive than it was two years ago, according to the head of the World Food Program.

Currently, more than 800 million people worldwide suffer from malnutrition, while 45 million people face starvation, according to the World Food Program.