Fu­ture’s bleak for world’s poor­est 20%

Cape Times - - NEWS - Thom­son Reuters Foun­da­tion

KUALA LUMPUR: De­vel­op­ment aid is fail­ing to im­prove the lives of the poor­est 20% of the world’s pop­u­la­tion, ac­cord­ing to a re­port pub­lished yes­ter­day that pre­dicted grow­ing global in­equal­ity.

Poverty rates were halved un­der the United Na­tions Mil­len­nium De­vel­op­ment Goals, which were adopted in 2000 and re­placed in 2015 with 17 Sus­tain­able De­vel­op­ment Goals to end poverty, in­equal­ity and other global crises.

How­ever, the over­all drop in poverty rates has been ac­com­pa­nied by a widen­ing in­come gap be­tween the most im­pov­er­ished and the rest of the pop­u­la­tion. “It’s not to say we are not do­ing good things with that aid money, but we’re not us­ing it as ef­fec­tively as we could, if our am­bi­tion is gen­uinely to end ex­treme poverty,” said Amy Dodd, a de­vel­op­ment fi­nance ex­pert. |

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