![]() ![]() The 2030 Agenda for Sustainable Development promises to leave no one behind and to reach those furthest behind first. Poverty measurement also helps developing countries gauge program effectiveness and guide their development strategy in a rapidly changing economic environment. By measuring poverty we learn which poverty reduction strategies work, and which ones do not. ![]() The new target is to have no more than 3 per cent of the world’s population living on just $1.90 a day by 2030. In April 2013, the World Bank set a new goal to end extreme poverty in a generation. This means that ending extreme poverty is within our reach. That’s down from 16 per cent in 2010 and 36 per cent in 1990. According to the most recent estimates, in 2015, 10 per cent of the world’s population lived at or below $1.90 a day. There has been marked progress in reducing poverty over the past decades. The SDGs also aim to create sound policy frameworks at national and regional levels, based on pro-poor and gender-sensitive development strategies to ensure that by 2030 all men and women have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology and financial services, including microfinance. The SDGs’ main reference to combatting poverty is made in target 1.A: “Ensure significant mobilization of resources from a variety of sources, including through enhanced development cooperation, in order to provide adequate and predictable means for developing countries, in particular least developed countries, to implement programmes and policies to end poverty in all its dimensions.” Poverty and the Sustainable Development GoalsĮnding poverty in all its forms is the first of the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development. In 2016, 55 per cent of the world’s population – about 4 billion people – did not benefit from any form of social protection.One out of five children live in extreme poverty, and the negative effects of poverty and deprivation in the early years have ramifications that can last a lifetime.The fallout from the pandemic threatens to push over 70 million people into extreme poverty. Even before COVID-19, baseline projections suggested that 6 per cent of the global population would still be living in extreme poverty in 2030, missing the target of ending poverty.The share of the world’s workers living in extreme poverty fell by half over the last decade: from 14.3 per cent in 2010 to 7.1 per cent in 2019.Southern Asia and sub-Saharan Africa are expected to see the largest increases in extreme poverty, with an additional 32 million and 26 million people, respectively, living below the international poverty line as a result of the pandemic.According to the most recent estimates, in 2015, 10 percent of the world’s population or 734 million people lived on less than $1.90 a day.There were 122 women aged 25 to 34 living in poverty for every 100 men of the same age group, and more than 160 million children were at risk of continuing to live in extreme poverty by 2030. Around 10 per cent of the world population (pre-pandemic) was living in extreme poverty and struggling to fulfil the most basic needs like health, education, and access to water and sanitation, to name a few. ![]() In 2015, more than 736 million people lived below the international poverty line. Its manifestations include hunger and malnutrition, limited access to education and other basic services, social discrimination and exclusion, as well as the lack of participation in decision-making. Poverty entails more than the lack of income and productive resources to ensure sustainable livelihoods. Before the pandemic, significant progress had been made in alleviating poverty in many countries within Eastern and Southeastern Asia, but up to 42 per cent of the population in Sub-Saharan Africa continued to live below the poverty line. In April 2020, the United Nations issued a framework for the immediate socio-economic response to COVID-19 and created the Secretary-General's UN COVID-19 Response and Recovery Fund. While pre-pandemic global poverty rates had been cut by more than half since 2000, the COVID-19 pandemic could increase global poverty by as much as half a billion people, or 8% of the total human population. ![]()
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