Getting to zero extreme poverty
For the poorest people, moving out of poverty can be an enormous challenge. But continuing to stay out of poverty for the rest of their lives is a much greater and for some, impossible, task. Many people rise above the poverty line only to tumble back beneath it.
Millions of vulnerable people return to extreme poverty, or become poor for the first time, when they are hit by a combination or sequence of shocks, such as a serious drought, a costly illness, and insecurity or conflict in their community. While this 'revolving door' of poverty persists, we won't be able to eradicate extreme poverty for good.
To make sure people move out and stay out of poverty, we need to:
1) Tackle Chronic Poverty
2) Prevent Impoverishment
3) Sustain Poverty Escapes
Policies need to be designed with these three objectives in mind if zero extreme poverty is to become a reality.
What is chronic poverty?
Chronic poverty is the long and grinding poverty that people live in for many years, and for some people, for their whole lives. This poverty is often passed on to their children, creating an inter-generational cycle of poverty.
Chronically poor people need to be at the centre of poverty reduction policies if we are going to achieve the goal of eradicating extreme poverty for good.
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