According to the World Bank, there are 700 million people living in extreme poverty. Poverty is worsened by fragility, conflict, violence, climate change, natural disasters, health crises, pandemics and debt. This has led to a lack of: jobs, medical care, financial access schools/teachers, clean water, roads and electricity.
What is Needed to Reduce Poverty?
Development investments that will transform these sectors: Infrastructure, Social services, Public administration and law, Agriculture, Industry and trade Finance, Economic growth, reduced inequalities and improved living conditions. Investment in all these options are expected to translate into economic growth, reduced inequalities and improved living conditions.
A successful approach to development requires the following:
- Innovation
- Cross-sectoral projects that transform economies
- Global knowledge with local leadership
- Financing to meet the needs of countries striving to meet the Sustainable Development Goals (SDG)
