More than half of Fiji’s rural population lives in poverty
This contributes to 62.2 per cent of the country's total poor population of around 900,000 people.
This contributes to 62.2 per cent of the country's total poor population of around 900,000 people.
He made these remarks at the exclusive Reimagining Poverty Alleviation in India roundtable organized by the Abdul Latif Jameel Poverty Action Lab (J-PAL) South Asia in New Delhi on Thursday.
In an exclusive interview to The Statesman, PM Narendra Modi underscores the need for a strong government and a clear vision for India's progress. He discusses plans for the middle class, youth employment, successes in Jammu and Kashmir, and Bengal's future, highlighting the importance of a significant electoral mandate for effective governance and a Viksit Bharat by 2047.
China is about to celebrate ten years of its infrastructure building Belt and Road Initiative BRI) a symbol of its rise as a global power and a defining feature of its foreign policy which it touts as its gift to the world it claims to have created more than 420,000 lakh jobs and lifted 40 million people out of poverty.
Poor and developing countries need to use their natural resources even if at unsustainable levels, because these are the only resources available for their sustenance. Many estimates have pointed out that nearly half of the worlds population ekes out a living from degraded resources like land and forests. In the future, these resources might not be able to sustain productive livelihoods. But there is no alternative
Credit is a powerful tool if it is used effectively and is made available to the creditworthy among the economically active poor ~ people with the ability to use loans and the willingness to repay them. But it has to be bundled with services such as training to maximise impact on livelihoods.
It is no secret that the poor are entrapped by money lenders with exorbitant rates of interest.
There has been a growing awareness among microfinance institutions that credit is certainly not transformative. Although certain people will be able to use microfinance to alter their future and build their businesses, that is not the case with the majority who receive a loan. Most are going to use it to smooth out their consumption.
After more than seven decades of developmental plans and programmes, India holds the distinction of having the most numbers of poor of the world. As a result, South Asia has become the world's biggest centre of extreme poverty
The report stressed that while the new figures released show that before the COVID-19 pandemic hit, progress was being made in tackling multidimensional poverty, that progress is at risk.
