OPEC Fund Quarterly - 2023 Q1

SPECIAL FEATURE

More than four years of progress against poverty has

been erased by COVID-19

Number of people living in extreme poverty in 2022:

581 million Pre-pandemic projection

657-676 million

aphorism: “A rising tide lifts all boats”. As Ian Goldin, Professor of Globalisation and Development at Oxford University, put it: “Globalisation has been the source of the greatest improvements in livelihoods in the history of humanity.” The global financial and

Current estimate

economic crisis of 2007-2009 inflicted a first massive blow to the development model of unfettered capitalism as the

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