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1.8 million people could be pushed into extreme poverty in Ukraine over crisis in Ukraine

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Some 1.8 million people in Africa could be pushed into extreme poverty due to the impact of economic problems caused by the crisis in Ukraine, according to the African Development Bank (ADB) report entitled “Africa’s Economic Outlook for 2022”. The situation was revealed on Wednesday in the Ghanaian capital, Accra, where the ADB’s annual meeting is being held, this time on “Promoting climate resilience and a fair energy transition for Africa,” the Maghreb Arabe Presse reported.

“The coronavirus pandemic and the Russian-Ukrainian conflict threaten to leave a lasting mark on Africa,” the document said. “In Africa, about 30 million people were pushed into extreme poverty in 2021, 22 million workers were lost that year due to the continent’s pandemic.” According to the authors of the ADB report, the negative trend in this area will continue in the second half of 2022 as well as in 2023.

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In addition, “by 2022, another 1.8 million people could plunge into extreme poverty on the African continent due to economic problems caused by the conflict between Russia and Ukraine.” “This figure could increase by another 2.1 million in 2023,” ADB said. As the report’s authors explain, “Russia and Ukraine are the main suppliers of grain on the African continent.”

“Due to the continuing pandemic and inflationary pressures caused by the Russian-Ukrainian conflict, Africa’s economic growth could slow to 4.1% in 2022 and remain at the same level in 2023,” the document said.

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ADB is convinced that Africa urgently needs an anti-crisis policy, including subsidies, to mitigate the effects of rising food and energy prices.

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