Aims to “End poverty in all its forms everywhere.”.
Let's learn a little more about SDG 1.
It is important to note that here, “Poverty in all forms” refers not only to ‘lack of financial resources’, but amongst other things also to a ‘lack of a voice’. As a corollary, if their voice is not heard, even the rich can be considered poor.
It is not uncommon for specific people around us to remain unheard. Elders, or women or children can go unheard. Servants, domestic workers and street vendors too.
Poverty has many dimensions, but its causes include unemployment, social exclusion, and high vulnerability of certain populations to disasters, diseases and other phenomena which prevent them from being productive. (Ref: UN)
There are many reasons, but in short, because as human beings, our wellbeing is linked to each other. Growing inequality is detrimental to economic growth and undermines social cohesion, increasing political and social tensions and, in some circumstances, driving instability and conflicts. (Ref: UN)
Globally, the number of people living in extreme poverty declined from 36 per cent in 1990 to 10 per cent in 2015.
According to the most recent estimates, in 2015, 10 percent of the world’s population or 734 million people lived in extreme poverty, on less than $1.90 a day, struggling to fulfill the most basic needs like health, education, and access to water and sanitation, to name a few.
But the pace of change is decelerating and the COVID-19 crisis risks reversing decades of progress in the fight against poverty. New research published by the UNU World Institute for Development Economics Research warns that the economic fallout from the global pandemic could increase global poverty by as much as half a billion people, or 8% of the total human population. This would be the first time that poverty has increased globally in thirty years, since 1990.
Even before COVID-19, baseline projections suggested that 6 percent of the global population would still be living in extreme poverty in 2030, missing the target of ending poverty. The fallout from the pandemic threatens to push over 70 million people into extreme poverty.
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.
Worldwide, the poverty rate in rural areas is 17.2 percent—more than three times higher than in urban areas.
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.
For those who work, having a job does not guarantee a decent living. In fact, 8 percent of employed workers and their families worldwide lived in extreme poverty in 2018.
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.
In 2016, 55 percent of the world’s population – about 4 billion people – did not benefit from any form of social protection.
By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than $1.25 a day.
By 2030, reduce at least by half the proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions.
Implement nationally appropriate social protection systems and measures for all, including floors, and by 2030 achieve substantial coverage of the poor and the vulnerable.
By 2030, ensure that all men and women, in particular the poor and the vulnerable, 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.
By 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters.
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.
Create sound policy frameworks at the national, regional and international levels, based on pro-poor and gender-sensitive development strategies, to support accelerated investment in poverty eradication actions.
Let us enhance our knowledge and understanding about International Literacy Day, which is celebrated on September 8 annually.
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