Goal 1 of UN Sustainable Development Goals states “end poverty in all its forms everywhere”. Reducing poverty worldwide has long been debated and stated in Millennium Development Goals. Millennium Development Goals was met five years early to reduce 1990 poverty levels by half in 2015 (World Bank, 2015). Target 1.1 of UN Sustainable Development Goals is aiming to eradicate extreme poverty for all people everywhere who are living on less than $1.25 a day by 2030 (UN, 2015). A lot of progress on reducing extreme poverty has been made around the different regions of the world in the past few decades. Extreme poverty has been sharply declined in East Asia from 80 percent in 1981 to 7.2 percent in 2012 and it has been reduced to 18.7 percent in 2012 in South Asia from 58 percent in 1981(World Bank, 2015). However, more than 77.8 percent of extremely poor of the world lived in South Asia and Sub-Saharan Africa in 2012(World Bank, 2015).
Target 1.3 of the UN Sustainable Development Goals is aiming to cover poor and vulnerable people by implementing nationally appropriate social protection system (UN, 2015). Social protection schemes can cover children, women, older people, people living with disabilities, and unemployed. Social assistance such as cash transfers, social pensions, in-kind transfers and public work programs, social insurance, labour market interventions are effective social protection tools (Browne, 2015). About 80% of the world people lived in less than $10 per day in 2012(Shah, 2013) and people are vulnerable in every parts of the world however social protection measures and national level government strategic measures play a vital role to prevent disaster.
Reducing poverty means ensuring adequate nutrition, basic health, education and housing to everyone (Development Initiatives, 2013) and it will be a big challenge to eradicate extreme poverty by 2030. Economic growth alone won’t be sufficient to eliminate extreme poverty and additional measures need to be considered (Development Initiatives, 2013). Oxford Poverty and Human Development Initiative (OPHI) generated global multidimensional poverty index based on ten indicators and health, education and living standard as three dimensions (OPHI, 2016). Multidimensional approach to poverty reduction has been necessitated to tackle extreme poverty and achieve sustainable goals and targets.
Browne, E. (2015) Social Protection [Online] Available at www.gsdrc.org [Accessed on 28 December 2015].
Development Initiatives (2013) Investments to End Poverty [Online] Available at www.devinit.org [Accessed on 28 December 2015].
Shah, A. (2013) Global Issues [Online] Available at http://www.globalissues.org [Accessed on 28 December 2015].
Oxford Poverty and Human Development Initiative (OPHI) (2016) Global Multidimensional Poverty Index [Online] Available at www.ophi.org.uk [Accessed on 10 January 2016].
United Nations (UN) (2015) Goal 1 [Online] Available at www.un.org [Accessed on 28 December 2015].
World Bank (2015) Overview [Online] Available at www.worldbank.org [Accessed on 28 December 2015].