The World Bank's goal to reduce the global extreme poverty rate to 3 percent by 2030 is encountering greater difficulty due to the severe blow dealt to developing economies by the coronavirus pandemic, a vice president of the Washington-based lender said in a recent interview."Much of the efforts made by the international community could be wiped out," World Bank Vice President Akihiko Nishio said, as he called on advanced countries, including Japan, to step up financial aid and other support to developing nations to help them ride out the economic downturn."It is becoming very difficult to…READ FULL ARTICLE
