The goal to eradicate extreme poverty by 2030 is a core aim of the 2030 Agenda for Sustainable Development. Extreme poverty, defined as living on less than $2.15 per day (adjusted to 2017 purchasing power), had been steadily decreasing for years. 

However, the COVID-19 pandemic reversed these gains, pushing nearly 90 million people into extreme poverty and revealing the challenges still faced in poverty reduction. By 2022, it was estimated that 8.4% of the world’s population, or about 670 million people, remained in extreme poverty, effectively negating three years of progress. 

Without significant intervention, projections suggest that roughly 7% of the global population, primarily in sub-Saharan Africa, will still be in extreme poverty by 2030.

Source: https://www.un.org/sustainabledevelopment/poverty/