Poverty Alleviation

Poverty Alleviation is the set of steps taken in an economic and humanitarian way for eradicating poverty from a country. According to the World Bank, if a person is living on $1.90 a day or less, they are living in extreme poverty, and currently, 767 million people in the world fall under that category. Poverty is pronounced deprivation in well-being and comprises many dimensions. It includes low incomes and the inability to acquire the necessary goods and services for survival with dignity. Poverty also encompasses low levels of health and education, poor access to clean water and sanitation, inadequate physical security, lack of voice, and insufficient capacity and opportunity to better one’s life. As poverty levels remained stagnant or increased despite economic growth, it became clear that change does not reduce poverty, and macroeconomic recovery does not necessarily translate into significant social improvement.