{"id":216716,"date":"2020-06-05T18:50:40","date_gmt":"2020-06-05T22:50:40","guid":{"rendered":"https:\/\/www.un.org\/pga\/74\/?post_type=tribe_events&p=216716"},"modified":"2020-08-03T14:52:35","modified_gmt":"2020-08-03T18:52:35","slug":"trends-options-and-strategies-in-poverty-eradication-across-the-world","status":"publish","type":"tribe_events","link":"https:\/\/www.un.org\/pga\/74\/event\/trends-options-and-strategies-in-poverty-eradication-across-the-world\/","title":{"rendered":"TRENDS, OPTIONS AND STRATEGIES IN POVERTY ERADICATION ACROSS THE WORLD"},"content":{"rendered":"

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HIGH-LEVEL MEETING ON TRENDS, OPTIONS AND STRATEGIES IN POVERTY ERADICATION ACROSS THE WORLD<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row][et_pb_column type=”4_4″ custom_padding__hover=”|||” custom_padding=”|||”][et_pb_text admin_label=”A Snapshot of the Global Poverty Profile” _builder_version=”4.4.7″ text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” link_text_shadow_horizontal_length=”link_text_shadow_style,%91object Object%93″ link_text_shadow_horizontal_length_tablet=”0px” link_text_shadow_vertical_length=”link_text_shadow_style,%91object Object%93″ link_text_shadow_vertical_length_tablet=”0px” link_text_shadow_blur_strength=”link_text_shadow_style,%91object Object%93″ link_text_shadow_blur_strength_tablet=”1px” ul_text_shadow_horizontal_length=”ul_text_shadow_style,%91object Object%93″ ul_text_shadow_horizontal_length_tablet=”0px” ul_text_shadow_vertical_length=”ul_text_shadow_style,%91object Object%93″ ul_text_shadow_vertical_length_tablet=”0px” ul_text_shadow_blur_strength=”ul_text_shadow_style,%91object Object%93″ ul_text_shadow_blur_strength_tablet=”1px” ol_text_shadow_horizontal_length=”ol_text_shadow_style,%91object Object%93″ ol_text_shadow_horizontal_length_tablet=”0px” ol_text_shadow_vertical_length=”ol_text_shadow_style,%91object Object%93″ ol_text_shadow_vertical_length_tablet=”0px” ol_text_shadow_blur_strength=”ol_text_shadow_style,%91object Object%93″ ol_text_shadow_blur_strength_tablet=”1px” quote_text_shadow_horizontal_length=”quote_text_shadow_style,%91object Object%93″ quote_text_shadow_horizontal_length_tablet=”0px” quote_text_shadow_vertical_length=”quote_text_shadow_style,%91object Object%93″ quote_text_shadow_vertical_length_tablet=”0px” quote_text_shadow_blur_strength=”quote_text_shadow_style,%91object Object%93″ quote_text_shadow_blur_strength_tablet=”1px” header_text_shadow_horizontal_length=”header_text_shadow_style,%91object Object%93″ header_text_shadow_horizontal_length_tablet=”0px” header_text_shadow_vertical_length=”header_text_shadow_style,%91object Object%93″ header_text_shadow_vertical_length_tablet=”0px” header_text_shadow_blur_strength=”header_text_shadow_style,%91object Object%93″ header_text_shadow_blur_strength_tablet=”1px” header_2_text_shadow_horizontal_length=”header_2_text_shadow_style,%91object Object%93″ header_2_text_shadow_horizontal_length_tablet=”0px” header_2_text_shadow_vertical_length=”header_2_text_shadow_style,%91object Object%93″ header_2_text_shadow_vertical_length_tablet=”0px” header_2_text_shadow_blur_strength=”header_2_text_shadow_style,%91object Object%93″ header_2_text_shadow_blur_strength_tablet=”1px” header_3_text_shadow_horizontal_length=”header_3_text_shadow_style,%91object Object%93″ header_3_text_shadow_horizontal_length_tablet=”0px” header_3_text_shadow_vertical_length=”header_3_text_shadow_style,%91object Object%93″ header_3_text_shadow_vertical_length_tablet=”0px” header_3_text_shadow_blur_strength=”header_3_text_shadow_style,%91object Object%93″ header_3_text_shadow_blur_strength_tablet=”1px” header_4_text_shadow_horizontal_length=”header_4_text_shadow_style,%91object Object%93″ header_4_text_shadow_horizontal_length_tablet=”0px” header_4_text_shadow_vertical_length=”header_4_text_shadow_style,%91object Object%93″ header_4_text_shadow_vertical_length_tablet=”0px” header_4_text_shadow_blur_strength=”header_4_text_shadow_style,%91object Object%93″ header_4_text_shadow_blur_strength_tablet=”1px” header_5_text_shadow_horizontal_length=”header_5_text_shadow_style,%91object Object%93″ header_5_text_shadow_horizontal_length_tablet=”0px” header_5_text_shadow_vertical_length=”header_5_text_shadow_style,%91object Object%93″ header_5_text_shadow_vertical_length_tablet=”0px” header_5_text_shadow_blur_strength=”header_5_text_shadow_style,%91object Object%93″ header_5_text_shadow_blur_strength_tablet=”1px” header_6_text_shadow_horizontal_length=”header_6_text_shadow_style,%91object Object%93″ header_6_text_shadow_horizontal_length_tablet=”0px” header_6_text_shadow_vertical_length=”header_6_text_shadow_style,%91object Object%93″ header_6_text_shadow_vertical_length_tablet=”0px” header_6_text_shadow_blur_strength=”header_6_text_shadow_style,%91object Object%93″ header_6_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” z_index_tablet=”500″ vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″]<\/p>\n

A Snapshot of the Global Poverty Profile<\/strong><\/h2>\n

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Poverty may be defined as a condition in which a human being lacks the resources to meet basic subsistence and daily needs. There are many studies and reports on the state of poverty and inequality within and between nations.<\/p>\n

Poverty is a worldwide nuisance. However, it has taken a worrisome and endemic form in certain regions, notably, Sub-Saharan Africa, the Middle East and North Africa, and South Asia. With a poverty rate of 41.1 percent in 2018, Sub-Saharan Africa topped the list of poverty-ravaged regions. The poverty rate for South Asia was 12.4 per cent; for Latin America and the Caribbean, 4.1 percent; for the Middle East and North Africa, 2.7 percent; for East Asia and the Pacific, 2.3 percent; and for Europe and Central Asia, 1.5 percent.<\/p>\n

In adopting Agenda 2030 for Sustainable Development, the world made a pledge to leave no one behind and to reach those furthest behind first. Moreover Agenda 2030 recognizes that ending poverty in all its forms everywhere is the greatest global challenge facing the world today and an indispensable requirement for sustainable development. While the world has made progress towards achieving Sustainable Development Goal 1, poverty has been persistent and remains a major cause for concern in developing countries.<\/p>\n

While the World Bank\u2019s International Poverty Line (IPL) of $1.90 per day may appear to some observers as culture-bound and arbitrarily drawn, it serves as an income threshold below which one is considered \u201cpoor\u201d. Using this as its benchmark, a World Bank report released in 2018 notes that the world attained the first Millennium Development Goal (MDG) target by reducing the global poverty rate in 1990 by half in 2010, five years ahead of the scheduled date of 2015.<\/p>\n

The report, however, adds that despite the progress made in reducing poverty, the number of people living in extreme poverty globally remains unacceptably high. The World Bank in fact estimates that poverty reduction may not be fast enough to reach the target of ending extreme poverty by 2030.<\/p>\n

The Bank notes that more than half of the extreme poor live in Sub-Saharan Africa, where the number of poor persons increased by 9 million, with 413 million people living on less than US$1.90 a day in 2015. It warns that if the trend continues, nearly 9 out of 10 persons in extreme poverty will, by 2030, be in Sub-Saharan Africa! The Bank reckons that the majority of the global poor lives in rural areas, tends to be poorly educated, and is likely to be employed or under-employed in the agricultural sector. The majority considered poor also falls under 18 years of age.<\/p>\n

Of serious concern is the fact that even for those countries that have been able to move their citizens out of poverty, progress is often temporary, as economic shocks, food insecurity, climate change, among other factors, threaten to rob them of their hard-won gains and to force them back into poverty. This underscores the critical need to devise innovative ways to tackle the challenge of global poverty in a sustainable way.<\/p>\n

The onset of COVID-19 has, in any case, exacerbated an already grim situation. Before the pandemic practically shut down socio-economic activities across the globe in the first quarter of 2020, the number of people classified as poor worldwide was approximately 2.1 billion. Of this number, 767 million were living in extreme poverty<\/em>. While the extent of the damage wrought by COVID-19 to the world economy is yet to be determined, the pandemic threatens not only to erase past gains but also to force an additional half a billion of the world population into poverty. The social distancing protocols dictated by the pandemic are already triggering plant shutdowns, decreasing capacity utilization, and employee layoffs across countries, rich and poor.<\/p>\n

According to a study released in the first week of April 2020 by Kings College London and the Australian National University, approximately 850 million (roughly 8 percent of humanity) risked falling into poverty as a result of the sharp fall in economic activity in every part of the COVID19- ravaged world. It is further estimated that a 5 percent decline in household income in rich countries would automatically lead to sharp declines in economic opportunities in countries that are already poverty-stricken, as well as the addition of between 85 million and 135 million to the number in poverty. <\/p>\n

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High-Level Meeting on Poverty Eradication Trends and Strategies: Background and Justification<\/strong><\/h2>\n

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Even before COVID-19 struck and incapacitated economies, the international community has consistently identified poverty as a global challenge, one that is linked to other social, political and security nightmares. In its resolution A\/50\/107 of 1995, the General Assembly proclaimed 1997-2006 as the First United Nations Decade for the Eradication of Poverty. In December 1996, the General Assembly declared the theme for the Decade to be \u201cEradicating poverty is an ethical, social, political and economic imperative of humankind.\u201d<\/p>\n

In its resolution A\/63\/230 of 2008, the General Assembly proclaimed the Second ±¬ÁÏÍø Decade for the Eradication of Poverty (2008-2017) with the theme \u201cFull employment and decent work for all\u201d. The resolution called for a more coherent and integrated ±¬ÁÏÍø system-wide response to poverty and reiterated that eradicating poverty was the greatest global challenge facing the world and a core requirement for the attainment of the internationally agreed development goals, especially for developing countries.<\/p>\n

In its resolution A\/72\/233 of 2017, the General Assembly declared 2018-2027 the Third United Nations Decade for the Eradication of Poverty, choosing as the Decade\u2019s theme, \u201cAccelerating global actions for a world without poverty,\u201d in line with the 2030 Agenda for Sustainable Development. The resolution recognized some important landmarks during the implementation of the Second International Decade, notably:<\/p>\n