Home Economy Goal 1 Of The Sustainable Development Goals Is To Eliminate Poverty

Goal 1 Of The Sustainable Development Goals Is To Eliminate Poverty


Poverty eradication in all of its forms remains one of humanity’s greatest challenges. Even though the number of people living in extreme poverty has decreased by more than half since 1990 – from 1.9 billion to 836 million in 2015 – far too many people continue to struggle to meet the most basic human needs. Over 800 million people worldwide still live on less than $1.25 per day, with many lacking adequate food, clean drinking water, and sanitation. Rapid economic growth has lifted millions of people out of poverty in countries like China and India, but progress has been uneven. Women are disproportionately affected; due to unequal access to paid work, education, and property, they are more likely to live in poverty.
Other regions, such as South Asia and Sub-Saharan Africa, where 80 percent of the population lives in extreme poverty, have made little progress. Due to new threats such as climate change, conflict, and food insecurity, this rate is expected to rise. The Sustainable Development Goals (SDGs) are a bold commitment to finish what we started by 2030, namely, ending poverty in all its forms and dimensions. To achieve the SDGs, we must focus on those who are most vulnerable, improve access to basic resources and services, and assist communities affected by conflict and climate-related disasters.

⦁ According to the most recent estimates, 734 million people, or 10% of the world’s population, lived on less than $1.90 per day in 2015.

⦁ Southern Asia and Sub-Saharan Africa are expected to experience the greatest increases in extreme poverty as a result of the pandemic, with an additional 32 million and 26 million people living below the international poverty line, respectively.

⦁ Over the last decade, the proportion of global workers living in extreme poverty has decreased by half, from 14.3% in 2010 to 7.1 percent in 2019.

⦁ Even before COVID-19, baseline projections suggested that 6% of the world’s population would still be in extreme poverty in 2030, falling short of the goal of eradicating poverty. The pandemic’s aftermath threatens to push more than 70 million people into poverty.

⦁ One in every five children lives in extreme poverty, and the negative consequences of poverty and deprivation in childhood can last a lifetime.

⦁ In 2016, about 4 billion people, or 55 percent of the world’s population, were without any form of social protection.

Goals by 2030 –

⦁ Eliminate extreme poverty for all people worldwide by 2030, which is currently defined as people living on less than $1.25 per day.
⦁ Reduce the proportion of men, women, and children of all ages living in poverty in all dimensions by half by 2030, according to national definitions.

⦁ Implement nationally appropriate social protection systems and measures for all, including floors, by 2030, and ensure that the poor and vulnerable are adequately protected.

⦁ By 2030, ensure that all men and women, especially the poor and vulnerable, have equal access to economic resources, including basic services, land ownership and control, inheritance, natural resources, appropriate new technology, and financial services, including microfinance.

⦁ Build the resilience of the poor and vulnerable by 2030, and reduce their exposure to climate-related extreme events, as well as other economic, social, and environmental shocks and disasters.

⦁ Ensure significant resource mobilization from a variety of sources, including enhanced development cooperation, to provide adequate and predictable means for developing countries, particularly least developed countries, to implement programs and policies aimed at ending poverty in all of its forms.

⦁ To support accelerated investment in poverty eradication actions, develop sound policy frameworks at the national, regional, and international levels, based on pro-poor and gender-sensitive development strategies.

When a crisis is as widespread and devastating as the current pandemic, governments frequently take steps to reduce the impact on people. It is impossible to completely dismiss COVID-19’s impact on poverty in Sri Lanka. However, some of the programs may be able to mitigate the effects and prevent the economy from completely collapsing.
The Sri Lankan government was able to soften the blow for people who lost part or all of their income by utilizing existing welfare programs, such as the Samurdhi program. During the first wave, the government provided Rs 10,000 to five million families. It distributed Rs 5,000 to 1.4 million families during the second wave.
In addition to these payments, the government established programs to assist with employment and training for public sector jobs in order to keep people employed and provide a stable income. Other organizations working in Sri Lanka to ensure food security include the World Food Program and CARE.
Sri Lankans will hopefully be able to return to their normal lives as more people receive vaccines and cases decline. Returning to work with a stable income will have a huge impact on millions of people’s lives, and government programs will aid in the recovery of the economy. Sri Lanka had been making progress in reducing poverty and, following the pandemic, should be able to get back on track.


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