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Coronavirus Deals a Blow to Global Battle Against Poverty

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WASHINGTON—After decades of progress against global poverty, world leaders are facing a setback due to the coronavirus pandemic and struggling to come up with a response that matches the scale of the problem.

Finance ministries and central banks around the world have rushed to bolster their economies, enacting unprecedented spending measures and slashing interest rates. While those actions are cushioning the blow from the pandemic and economic lockdowns, a consensus is emerging that the actions likely won’t prevent a large…

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