The no. of children living in households around the low so also middle-income countries could increase by across 86 million to reach 672 million by the end of 2020 because of the economic fallout of the coronavirus pandemic situation, that according to a new study. This virus has so far infected 5,695,290 people and claimed 355,692 lives, according to a tally by the Johns Hopkins University. “The economic fallout of the COVID-19 pandemic could push up to 86 million more children into household poverty by the end of 2020, an increase of 15%,” as told by the study conducted jointly by UNICEF and also humanitarian organization Save the Children. The analysis that highlighted without urgent action to protect families from the financial hardships which caused by the corona virus pandemic situation, the total no of children living below the national poverty line in low and middle-income countries could reach 672 million by the end of the year.
Nearly two or thirds of these children live in sub-Saharan Africa and also South Asia and countries across Europe and Central Asia could see the most significant increase and up to 44% across the region. Latin America so also the Caribbean could see a 22% increase as well.
Executive Director of UNICEF Henrietta Fore said in a statement that – “The coronavirus pandemic has triggered an unprecedented socio-economic crisis that is draining resources for families all over the world. The scale and depth of financial hardship among families threaten to roll back years of progress in reducing child poverty and to leave children deprived of essential services. Without concerted action, families barely getting by could be pushed into poverty, and the poorest families could face levels of deprivation that have not been seen for decades”.
The organizations warned the impact which affect the global economic crisis that caused by the corona virus pandemic and related containment policies is a two-fold immediate loss of income meant families are very less able to afford the basics, with food and water, to access health care or education, and more at risk of child marriage, violence, exploitation and abuse as well.
In order to address the impact of corona virus on children in poor households, Save the Children and the UNICEF call for rapid and large-scale expansion of social protection systems and programs that includes cash transfers, school feeding, and child benefits all critical investments that address immediate financial needs and lay the foundation for countries to prepare for future shocks.