Ending global poverty is a key element of global development and achieving the Sustainable Development Goals (SDG) as set out by the United Nations. Sustainable Development Goal #1 is No Poverty. The aim of SDG 1 is to end extreme poverty and create a sustainable human condition whereby all people of the earth will have sufficient access to all forms of deprivation (as defined by the SDGs) by 2030. Poverty is no longer viewed simply as an insufficient amount of money but as a multidimensional condition consisting of limited access to education, healthcare, housing, and economic opportunity.
Global rates of poverty have seen tremendous declines over the last several decades due to the positive effects of international economic growth and development programs. However, economic growth and development must be measured by a country-by-country analysis, with many developing countries overall being more successful than the general developing countries, including Sub-Saharan Africa and areas of conflict, where poverty remains significantly high and entrenched. The COVID-19 Pandemic and the climate crisis have recently reversed or halted progress in the fight against poverty and disproportionately affect the most vulnerable populations.
To successfully achieve SDG #1, we must work towards inclusive economic growth paired with strong social protection systems. Policies such as cash transfer programs, universal health programs, access to quality education, job creation, and reducing economic inequality, are critical factors in alleviating poverty for those experiencing it, as well as preventing individuals and families from falling back into deprivation and poverty. In addition, strengthening the resilience of vulnerable populations to economic and environmental stresses is essential for long-term poverty alleviation.