Nigeria, 73 others missing out on global recovery – W’Bank - Punch Newspapers

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“For them, the global ‘recovery’ is simply nowhere to be seen. In 2021, their growth will be the slowest in more than two decades , reversing years of progress in poverty reduction. For them, the harm will not be repaired quickly. By 2030, one out of every four people here will still be living below the international poverty line.”

They said, “These countries will need significant help to dig out of the COVID-19 recession. To return to the path to convergence with wealthier economies, IDA countries will need up to $376bn in additional financing through 2025 – above and beyond the $429bn in regular external financing needs. “This will be a critical period – for extinguishing COVID-19 for good and also for putting the poorest economies on the right track to overcome deep challenges of development confronting them in the long term.

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