For almost 25 years, extreme poverty was steadily declining. Now, for the first time in a generation, the quest to end poverty has suffered its worst setback due to COVID 19, conflict, and climate change. Communities, countries and continents are facing these daunting challenges. A new report — Poverty and Shared Prosperity 2020: Reversals of Fortune — sheds new light on the threats to poverty reduction and provides recommendations to navigate this tough terrain.
: 2020 has brought an unprecedented challenge to the fight against poverty.
Out of 114 measured, 15 countries experienced the largest annual average percentage point declines in extreme poverty rate between 2000 and 2015. In each of these countries, an average of at least 1.6% of the population moved out of extreme poverty every year. Tanzania, Tajikistan and Chad top the list.
Our understanding of poverty has grown. We now know that is not just about being able to feed your family or pay the bills on time—it extends its reach to every aspect of a person’s life, blighting her education, health, as well as her future along with that of her children’s. Are children in school? Do families have healthcare? Do households have safe water, sanitation, and electricity? These are some of the factors that can illustrate multidimensional poverty, which looks at the different deprivations people face when they lack the essentials for a dignified and decent life.
Observed on 17 October, the Day is dedicated this year to the 30th anniversary of the adoption of the . The Convention recognizes the right of every child to a standard of living adequate for the child’s physical, mental, spiritual, moral and social development. When child poverty is recognized as a denial of children’s human rights, people in positions of responsibility and power are legally bound to promote, protect and fulfil children’s rights. Join the #EndPoverty global campaign.
While global poverty rates have been cut by more than half since 2000, one in ten people in developing regions still lives on less than US$1.90 a day — the internationally agreed poverty line, and millions of others live on slightly more than this daily amount.