“By 2030, reduce at least by half the proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions.” UN 2030
Eradicating poverty is the core theme of the UN SDGs.
End poverty in all its form everywhere
United Nations defines Poverty as people living on less than $1.90 per day. Since 2000, global poverty rates have been halved, yet 10 percent of the global population lives in extreme Poverty.
Forty-two percent of the population of the sub-Saharan region in Africa lives below the poverty line. In 2015, 736 million people lived in Poverty, and by 2016 1 billion people were living in slums, with over half 589 million residing in East, South-East, Central, and South Asia. In the last three decades, a lot of progress has been made. According to a World Bank report, global Poverty has reduced drastically since 1975. Today, 1 billion people live in Poverty globally compared to nearly 2 billion people in 1975. Compare this with a worldwide population of 4 billion in 1975 to 7.8 billion today; the figure is much more compelling. A key enabler has been rapid urbanization. Rapid urbanization, especially in Asia, enabled an exponential reduction in Poverty. The world urbanization rate is 50 percent and is expected to grow much higher during the next decade. According to present projections, UN estimates, the global extreme poverty rate will be 6 percent by 2030.