Ukraine could sink into poverty

Ukraine could sink into poverty

Sky world news /Ukraine could sink into poverty if the war continues.

warns the UNDP 90% of Ukraine's population could experience poverty and extreme economic vulnerability if the war escalates, setting the country and region back decades and leaving deep social and economic scars for generations to come, it said.

Wednesday the United Nations Development Program (UNDP) in a new report.

In the event of a protracted war in Ukraine, 18 years of socio-economic achievements could be lost.

Nearly a third of the population lives below the poverty line and 62% more are at high risk of falling into poverty over the next twelve months, according to initial estimates in a study published by the UNDP.

call for peace “The war in Ukraine is causing unimaginable human suffering, with the tragic loss of human life and the displacement of millions of people.

said UNDP Administrator Achim Steiner.

“Immediate humanitarian assistance to Ukrainians is of the utmost necessity,” he said, as the acute developmental impacts of a protracted war became more evident.

“An alarming economic decline, and the suffering and hardship it will bring to an already traumatized population, must now be brought to light.

There is still time to rectify this dark trajectory,” he added.

"To avoid further suffering, further destruction and further impoverishment, peace is needed now," Steiner insisted.

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