• About
  • Contact
Friday, July 11, 2025
Catholic Sabah
  • News
    • All
    • Asia
    • Focus
    • Local
    • Nation
    • Vatican
    • World
    教會團體禧年慶: 聆聽聖神的叮嚀, 為基督作見證

    教會團體禧年慶: 聆聽聖神的叮嚀, 為基督作見證

    Kasih Tuhan menyatukan perbezaan

    Kasih Tuhan menyatukan perbezaan

    Bangunan MADIKA kini giat beroperasi

    Bangunan MADIKA kini giat beroperasi

    Pope Leo: Hope is source of joy no matter our age

    Pope Leo: Hope is source of joy no matter our age

    Religious dimensions of peacemaking for a war-torn world

    Religious dimensions of peacemaking for a war-torn world

    Catholic University in Erbil looks ahead to 10-year anniversary

    Catholic University in Erbil looks ahead to 10-year anniversary

    First Nations Australian students in Rome enriched by cultural exchange

    First Nations Australian students in Rome enriched by cultural exchange

    Upacara peringatan ke-10 gempa bumi di Sabah

    Upacara peringatan ke-10 gempa bumi di Sabah

    Bishop: Poverty should not hinder access to sacraments

    Bishop: Poverty should not hinder access to sacraments

  • Opinion
    • All
    • Im on my Way
    • Kanou Monuhid Lahan Koposizon
    • Making A Difference
    • Mantad Di Katekis Peter
    • Reflection: Straight Talking
    Pax: The Monastery’s missionary witness

    Pax: The Monastery’s missionary witness

    The power of words

    What to do when there’s nothing you can do

    What Catholic Sabah stands for

    Part 1: Porn a silent addiction?

    The curious story of the Nicene Creed

    The curious story of the Nicene Creed

    Challenges of teaching theology in lived experiences

    Challenges of teaching theology in lived experiences

    Myth and history

    Myth and history

    Did Teresa of Avila inspire Descartes’ ‘I think, therefore I am’?

    Did Teresa of Avila inspire Descartes’ ‘I think, therefore I am’?

    Are conclaves really secret?

    Are conclaves really secret?

  • Feature
    How to spend your holidays according to the Popes

    How to spend your holidays according to the Popes

    Sisters of Mary uplift Tanzania’s disadvantaged youth

    Sisters of Mary uplift Tanzania’s disadvantaged youth

    Losing a loved one to suicide

    It is better for you that I go away

    ‘We Can’t Just Stand By and Watch’

    ‘We Can’t Just Stand By and Watch’

    Kisah pertemuan dengan Kristus: Pengalaman sertai Jubli para Remaja di Vatikan

    Kisah pertemuan dengan Kristus: Pengalaman sertai Jubli para Remaja di Vatikan

    Council of Constantinople reaffirms Christ’s divinity and clarifies the Trinity

    Council of Constantinople reaffirms Christ’s divinity and clarifies the Trinity

    South Korean Catholic convert finds strength in Legion of Mary

    South Korean Catholic convert finds strength in Legion of Mary

    Slogan “Bahasa Jiwa Bangsa” harus dipupuk hingga ke generasi seterusnya

    Slogan “Bahasa Jiwa Bangsa” harus dipupuk hingga ke generasi seterusnya

  • Statements
    World Day of Social Communications 2025 message by Pope Francis

    World Day of Social Communications 2025 message by Pope Francis

    Banns of Sacerdotal Ordination

    Banns of Sacerdotal Ordination

    Perutusan daripada Presiden Persidangan Uskup-Uskup Katolik Malaysia sempena Hari Malaysia

    Pastoral Letter on Earthquake in Myanmar and Regional Solidarity Appeal

    Chancery Notice

    Chancery Notice

    FABC Pastoral Letter to the local churches in Asia

    FABC Pastoral Letter to the local churches in Asia

    Commotion in Church: Press statement from Archbishop Simon Poh

    Commotion in Church: Press statement from Archbishop Simon Poh

    Lent 2025 message by Pope Francis

    Lent 2025 message by Pope Francis

    Pastoral Statement for dispensation from fasting  during Chinese New Year 2025

    Pastoral Statement for dispensation from fasting during Chinese New Year 2025

  • Chinese
  • Bahasa Melayu
  • Kadazan Dusun
  • JUBILEE 2025
  • About
  • Donate
No Result
View All Result
  • News
    • All
    • Asia
    • Focus
    • Local
    • Nation
    • Vatican
    • World
    教會團體禧年慶: 聆聽聖神的叮嚀, 為基督作見證

    教會團體禧年慶: 聆聽聖神的叮嚀, 為基督作見證

    Kasih Tuhan menyatukan perbezaan

    Kasih Tuhan menyatukan perbezaan

    Bangunan MADIKA kini giat beroperasi

    Bangunan MADIKA kini giat beroperasi

    Pope Leo: Hope is source of joy no matter our age

    Pope Leo: Hope is source of joy no matter our age

    Religious dimensions of peacemaking for a war-torn world

    Religious dimensions of peacemaking for a war-torn world

    Catholic University in Erbil looks ahead to 10-year anniversary

    Catholic University in Erbil looks ahead to 10-year anniversary

    First Nations Australian students in Rome enriched by cultural exchange

    First Nations Australian students in Rome enriched by cultural exchange

    Upacara peringatan ke-10 gempa bumi di Sabah

    Upacara peringatan ke-10 gempa bumi di Sabah

    Bishop: Poverty should not hinder access to sacraments

    Bishop: Poverty should not hinder access to sacraments

  • Opinion
    • All
    • Im on my Way
    • Kanou Monuhid Lahan Koposizon
    • Making A Difference
    • Mantad Di Katekis Peter
    • Reflection: Straight Talking
    Pax: The Monastery’s missionary witness

    Pax: The Monastery’s missionary witness

    The power of words

    What to do when there’s nothing you can do

    What Catholic Sabah stands for

    Part 1: Porn a silent addiction?

    The curious story of the Nicene Creed

    The curious story of the Nicene Creed

    Challenges of teaching theology in lived experiences

    Challenges of teaching theology in lived experiences

    Myth and history

    Myth and history

    Did Teresa of Avila inspire Descartes’ ‘I think, therefore I am’?

    Did Teresa of Avila inspire Descartes’ ‘I think, therefore I am’?

    Are conclaves really secret?

    Are conclaves really secret?

  • Feature
    How to spend your holidays according to the Popes

    How to spend your holidays according to the Popes

    Sisters of Mary uplift Tanzania’s disadvantaged youth

    Sisters of Mary uplift Tanzania’s disadvantaged youth

    Losing a loved one to suicide

    It is better for you that I go away

    ‘We Can’t Just Stand By and Watch’

    ‘We Can’t Just Stand By and Watch’

    Kisah pertemuan dengan Kristus: Pengalaman sertai Jubli para Remaja di Vatikan

    Kisah pertemuan dengan Kristus: Pengalaman sertai Jubli para Remaja di Vatikan

    Council of Constantinople reaffirms Christ’s divinity and clarifies the Trinity

    Council of Constantinople reaffirms Christ’s divinity and clarifies the Trinity

    South Korean Catholic convert finds strength in Legion of Mary

    South Korean Catholic convert finds strength in Legion of Mary

    Slogan “Bahasa Jiwa Bangsa” harus dipupuk hingga ke generasi seterusnya

    Slogan “Bahasa Jiwa Bangsa” harus dipupuk hingga ke generasi seterusnya

  • Statements
    World Day of Social Communications 2025 message by Pope Francis

    World Day of Social Communications 2025 message by Pope Francis

    Banns of Sacerdotal Ordination

    Banns of Sacerdotal Ordination

    Perutusan daripada Presiden Persidangan Uskup-Uskup Katolik Malaysia sempena Hari Malaysia

    Pastoral Letter on Earthquake in Myanmar and Regional Solidarity Appeal

    Chancery Notice

    Chancery Notice

    FABC Pastoral Letter to the local churches in Asia

    FABC Pastoral Letter to the local churches in Asia

    Commotion in Church: Press statement from Archbishop Simon Poh

    Commotion in Church: Press statement from Archbishop Simon Poh

    Lent 2025 message by Pope Francis

    Lent 2025 message by Pope Francis

    Pastoral Statement for dispensation from fasting  during Chinese New Year 2025

    Pastoral Statement for dispensation from fasting during Chinese New Year 2025

  • Chinese
  • Bahasa Melayu
  • Kadazan Dusun
  • JUBILEE 2025
  • About
  • Donate
No Result
View All Result
Catholic Sabah
No Result
View All Result
Home News World

World Bank warns 100 million people may fall into ‘extreme poverty’ because of COVID-19

August 25, 2020
in World
World Bank warns 100 million people may fall into ‘extreme poverty’ because of COVID-19

Coronavirus pandemic effects the economy

By Asia News / Agencies

Aug 25 2020

The lending agency revised its estimates upwards, from 60 to 70-100 million. The number could even go higher if the health emergency persists; hence, it is “imperative” for creditors to reduce the debt burden of poor countries. About US$ 160 billion are ready in loans for 100 nations through June 2021.

BANGKOK – The novel coronavirus pandemic might have driven up to 100 million people into extreme poverty, World Bank (WB) President David Malpass warned yesterday.

The Washington-based development agency noted that unemployment, especially among young people, is rising, a trend confirmed by the International Labour Organisation (ILO) and the Asian Development Bank (ADB).

Previously, the WB had estimated that 60 million people would become poor because of COVID-19, but as the pandemic grows a new estimate puts the deterioration at 70 to 100 million. For Malpass, the number could go higher” if the pandemic drags on.

The situation makes it “imperative” that creditors reduce the amount of debt held by poor countries, rather than simply suspend debt payments, Malpass told AFP.

In any case, more countries will be obliged to restructure their debt. “The debt vulnerabilities are high, and the imperative of getting light at the end of the tunnel so that new investors can come in is substantial,” Malpass added.

The World Bank has committed to deploying US$ 160 billion in funding to 100 countries through June 2021 in an effort to addresses the immediate emergency; meanwhile, extreme poverty, defined as earning less than US$ 1.90 a day, continues to rise.

For the WB president, the deterioration is due to a combination of the destruction of jobs during the pandemic as well as supply issues that make access to food more difficult. And the longer the crisis lasts, the greater the number of people who will fall into “extreme poverty”.

For her part, newly-installed WB Chief Economist Carmen Reinhart called the economic crisis a “pandemic depression”.

Malpass is less concerned with terminology. “We can start calling it a depression. Our focus is on how do we help countries be resilient in working out on the other side.” – Asia News

Previous Post

With Beijing’s help, Jakarta plans to produce 50 million doses of anti-COVID vaccine

Next Post

California wildfires: ‘God’s love is fiercer than any fire’

Related Posts

教會團體禧年慶: 聆聽聖神的叮嚀, 為基督作見證
Chinese

教會團體禧年慶: 聆聽聖神的叮嚀, 為基督作見證

July 11, 2025
Kasih Tuhan menyatukan perbezaan
Bahasa Melayu

Kasih Tuhan menyatukan perbezaan

July 11, 2025
Bangunan MADIKA kini giat beroperasi
Bahasa Melayu

Bangunan MADIKA kini giat beroperasi

July 11, 2025
Next Post
California wildfires: ‘God’s love is fiercer than any fire’

California wildfires: ‘God’s love is fiercer than any fire’

Recent News

教會團體禧年慶: 聆聽聖神的叮嚀, 為基督作見證

教會團體禧年慶: 聆聽聖神的叮嚀, 為基督作見證

July 11, 2025
Kasih Tuhan menyatukan perbezaan

Kasih Tuhan menyatukan perbezaan

July 11, 2025
Bangunan MADIKA kini giat beroperasi

Bangunan MADIKA kini giat beroperasi

July 11, 2025
Pope Leo: Hope is source of joy no matter our age

Pope Leo: Hope is source of joy no matter our age

July 11, 2025
  • Trending
  • Comments
  • Latest
Minor reshuffle and new appointment of priests

Minor reshuffle and new appointment of priests

July 15, 2024
Enggan punya anak, antara sebab perpisahan suami-isteri

Enggan punya anak, antara sebab perpisahan suami-isteri

May 20, 2025
Minor transfer of priests

Minor transfer of priests

November 11, 2023
Tender Notice St Catherine of Laboure Church, Putatan

Tender Notice St Catherine of Laboure Church, Putatan

April 29, 2025
The Church wants to be more the ‘inn’ of the Good Samaritan for the sick

The Church wants to be more the ‘inn’ of the Good Samaritan for the sick

Parishioners are invited to help form prophetic and servant priests

Parishioners are invited to help form prophetic and servant priests

Archdiocesan Notice on SSPX

Archdiocesan Notice on SSPX

April 28 2020

April 28 2020

教會團體禧年慶: 聆聽聖神的叮嚀, 為基督作見證

教會團體禧年慶: 聆聽聖神的叮嚀, 為基督作見證

July 11, 2025
Kasih Tuhan menyatukan perbezaan

Kasih Tuhan menyatukan perbezaan

July 11, 2025
Bangunan MADIKA kini giat beroperasi

Bangunan MADIKA kini giat beroperasi

July 11, 2025
Pope Leo: Hope is source of joy no matter our age

Pope Leo: Hope is source of joy no matter our age

July 11, 2025
Catholic Sabah

Catholic Sabah is a media organization based in Sabah Malaysia. We bring you the latest Catholic news right to your doorstep!

Follow Us

Browse by Category

  • Asia
  • Bahasa Melayu
  • Borneo: Ordinary Person, Extraordinary Faith
  • Chinese
  • Feature
  • Focus
  • Im on my Way
  • JUBILEE 2025
  • Kadazan Dusun
  • Kanou Monuhid Lahan Koposizon
  • Local
  • Making A Difference
  • Mantad Di Katekis Peter
  • Nation
  • News
  • Opinion
  • Readings
  • Reflection: Straight Talking
  • Statements
  • Vatican
  • World

Recent Additions

教會團體禧年慶: 聆聽聖神的叮嚀, 為基督作見證

Kasih Tuhan menyatukan perbezaan

Bangunan MADIKA kini giat beroperasi

Pope Leo: Hope is source of joy no matter our age

Religious dimensions of peacemaking for a war-torn world

Catholic University in Erbil looks ahead to 10-year anniversary

  • About
  • Contact

© 2024 Catholic Sabah - Powered by KK Top Web.

No Result
View All Result
  • News
  • Opinion
  • Feature
  • Statements
  • Chinese
  • Bahasa Melayu
  • Kadazan Dusun
  • JUBILEE 2025
  • About
  • Donate

© 2024 Catholic Sabah - Powered by KK Top Web.