Covid-19 has dealt the ‘biggest setback’ to global poverty reduction efforts in decades, and the World Bank has warned the goal to eradicate extreme poverty by 2030 likely remains out of reach. The bank’s Poverty and Shared Prosperity report estimates about 70 million people were pushed into extreme poverty in 2020 – the biggest one-year spike since monitoring began in 1990. The report offers the first tally of those struggling to live on less than $3.30 a day, the new global definition of extreme poverty.