Is it possible to end extreme poverty? And by 2030? That’s the aim of the first of the 17 UN Sustainable Development Goals (SDGs). These were adopted by all nations and have begun to drive conversations at global gatherings.
This ambitious goal builds on the dramatic fall in worldwide poverty since 1990. Then, over one-third of the world’s population lived on less than $1.25 per day, adjusted for purchasing power parity or what a dollar buys in a country. That measures the level of abject poverty, and has since been adjusted to $1.90 per day. Based on these measures of extreme poverty, we are at a historic point where just 1 in 10 people in the world are poor.
It means that over 1 billion people have been lifted out of extreme poverty since 1990. The halving of the global poverty rate happened more quickly than the UN’s Millennium Development Goals (MDGs) had envisioned. The MDGs aimed to halve poverty worldwide from 1990 levels by 2015 – it was achieved in 2010.
So, the current SDGs are more ambitious. The aim is to end extreme poverty in just 13 years, by 2030. It means lifting the remaining 767 million poor out of poverty. But, what has worked before may not be enough this time.
Read more: Can we end poverty by 2030? | OUPblog