Why Solving Poverty Benefits Us All

When we combat poverty, we’re not just aiding the disadvantaged – we’re shaping a better world for all.

Solving Poverty Drives Global Economic Growth

Poverty reduction stimulates sustainable economic growth by creating new markets, increasing consumer spending, and fostering social entrepreneurship.

As people escape poverty, they become active participants in the economy, contributing to overall fiscal health and benefiting everyone through sustainable livelihoods.

The World Bank estimates that eliminating extreme poverty by 2030 could increase global GDP by 0.6% annually.

Addressing Poverty Enhances Global Health and Security

Addressing poverty improves global health by increasing access to healthcare, nutrition, and sanitation, thus reducing health disparities and healthcare costs worldwide.

Additionally, poverty reduction enhances human security by mitigating factors that lead to conflict, instability, and extremism, promoting peace and stability.

A study by the World Bank found that a 10% increase in a country’s average income reduces poverty by 20-30%.

Fighting Poverty Spurs Innovation and Technological Advancement

Fighting poverty unlocks human potential, spurring innovation and technological advancements that can solve global challenges.

By investing in education and vocational training, we empower individuals to contribute their unique perspectives and talents, driving progress and prosperity through sustainable development.

The Global Innovation Index shows a strong correlation between a country’s income level and its innovation performance.

Reducing Poverty Promotes Environmental Sustainability

Reducing poverty enables communities to adopt sustainable practices, contributing to global efforts in combating climate change, preserving biodiversity, and protecting natural resources.

This ensures a healthier planet and a more sustainable future for generations to come, aligning with the United Nations’ Sustainable Development Goals (SDGs).

Sustainable Development Goal 1 (No Poverty) is closely linked to Goal 13 (Climate Action), highlighting the interconnection between poverty and environmental issues.

Vulnerability to disasters

Average annual number of deaths or missing persons per 100,00 population (2012-2021)

*Least Developed Countries (LDC)
*Small Island Developing States (SIDS)
*Landlocked Developing Countries (LLDC)

Job creation, infrastructure betterment, economic healing*

Poverty rate

*In the Democratic Republic of Congo, the Agriculture Rehabilitation and Recovery Project has effectively supported farmers with better agricultural practices which improved economic stability and produce jobs for women and youth leading to deterrence with youth joining conflict.

Tackling Poverty Creates a More Stable Global Society

Tackling poverty creates more inclusive societies, reducing inequality and fostering social cohesion through community development programs.

By addressing the root causes of poverty, we can build more stable communities, reduce crime rates, and promote peaceful coexistence, ultimately leading to a more harmonious world order.