World Lags Behind United Nations Goal To End Poverty by 2030
The decline of extreme global poverty continues, but has slowed, according to a United Nations status report on efforts to eliminate poverty, one of 17 sustainable development goals (SDGs). At its current rate, the report says, the world is not on track to achieve the target of less than 3 percent of the world living in extreme poverty by 2030.
“People who continue to live in extreme poverty face deep, entrenched deprivation often exacerbated by violent conflicts and vulnerability to disasters,” the report notes. “Strong social protection systems and government spending on key services often help those left behind get back on their feet and escape poverty, but these services need to be brought to scale.”
While the total number of people living in extreme poverty DEFNED AS, declined from 16 percent in 2010 to 10 percent in 2015, the UN projects that 6 percent of the world’s population will be living in extreme poverty by 2030. “The situation remains particularly alarming in sub-Saharan Africa, where the share of working poor stood at 38 percent in 2018,” according to the report.
The 2030 UN agenda for sustainable development notes that eradicating poverty “is the greatest global challenge.”
The goal to end poverty includes eliminating extreme poverty for all people everywhere, reducing the number of people living in poverty, and implementing national measures as recommended in the Education 2030 Framework for Action.
“To end poverty, boost shared prosperity, and achieve the Sustainable Development Goals, we must use development financing and technical expertise to effect radical change,” said Jim Yong Kim, past president of the World Bank Group.
According to the UN Global Compact, some actions that businesses can take to ensure they do not exacerbate poverty include respecting worker and migrant rights, implementing a zero tolerance policy for forced labor and child labor, and paying workers a living wage.
More information and tools for action on SDG Goal 1 can be found on the UN Global Compact website.