Eliminating all forms of poverty worldwide is what they do——

People in the slums

You know what?

By 2030, at least half of the age groups of men, women, and children who fall into various forms of poverty, as defined by national standards. Implement a universal social security system and measures that are suitable for the country's national conditions, including minimum standards, to cover the poor and vulnerable groups to a large extent by 2030.

By 2030, ensurethat all men and women, especially the poor and vulnerable, have equal accessto economic resources, basic services, ownership and control of land and otherforms of property, inheritance, access to natural resources, appropriate newtechnologies, and financial services, including microcredit.

By 2030, enhancethe resilience of the poor and vulnerable groups to disasters, reduce theirprobability and vulnerability to extreme weather events and other economic,social, environmental shocks and disasters.

If the currenttrend continues, 575 million people will still live in extreme poverty by 2030,and only one-third of countries will be able to halve their poverty rates.

Despite theexpansion of social security coverage during the COVID-19 crisis, over 4billion people still lack protection. Many vulnerable groups in the world,including young and elderly people, are still not protected by variousstatutory social security schemes.

The proportion ofgovernment spending on basic services such as education, health, and socialsecurity in developed economies is significantly higher than that in emergingand developing economies.

Expanding actionsand increasing investment to increase economic opportunities, improve educationlevels, and extend social security to all, especially the most excluded, arecrucial for fulfilling the core commitments of eradicating poverty and leaving noone behind.

The global povertyline has been raised to $2.15, a slight increase of 0.1 percentage points to8.5%, and the number of people living in poverty has increased from 648 millionto 659 million.    

How much do you know about the poverty free goal?

Eliminating extreme poverty worldwide by 2030 is a key goal of the 2030 Agenda forSustainable Development.

Extreme povertyrefers to living expenses of less than $2.15 per person per day, calculatedbased on purchasing power parity in 2017. In recent decades, the number ofpeople living in extreme poverty has significantly decreased. However, theemergence of the COVID-19 epidemic is a turning point, reversing the progressmade in poverty eradication in decades. The number of people living in extremepoverty has increased by nearly 90 million for the first time in 20 to 30 yearscompared with the previous forecast.

Even before theoutbreak of the epidemic, the momentum of poverty reduction was slowing down.It is predicted that by the end of 2022, 8.4% of the world's population, or asmany as 670 million people, will still be living in extreme poverty. Theepidemic has actually reversed about three years of poverty reduction progress.

If current trendscontinue, it is estimated that by 2030, 7% of the global population - about 575million people - will still live in extreme poverty, with the majorityconcentrated in sub Saharan Africa.

A shockingphenomenon is that the level of world hunger has regressed to the level of2005. Equally concerning is that compared to the period between 2015 and 2019,food prices in many countries have continued to rise. The dual challenges ofpoverty and food security have raised serious concerns globally.

Eliminating poverty, that's how they do it

1. UN DeputySecretary General: Making poverty eradication the overall goal of all policies

UN DeputySecretary General Amina Mohammed pointed out at the conference on eradicatingpoverty through integrated methods that eliminating all forms and dimensions ofpoverty, especially extreme poverty, remains the biggest challenge globally.One in every eight people worldwide lives on less than two dollars a day. Toeliminate poverty, we must first recognize that poverty is a multidimensionalproblem. At present, many of the problems faced by the international communityare interrelated and require integrated response methods.

Amina Mohammed:"Today, we face enormous global challenges that involve various sectorsand are interconnected with many other issues. Addressing poverty, inequality,climate change, food insecurity, weakness, and unpredictability in the globaleconomy requires integrated response methods and the participation of allparties. This scope is broad, including governments and non-governmentalindividuals such as civil society representatives and private sectorrepresentatives

Amina Mohammedpointed out that the 2030 Agenda for Sustainable Development requiresintegrated policy support at the national level, establishing collaborativemechanisms in various dimensions of poverty eradication and sustainabledevelopment, prioritizing the rights of marginalized and vulnerable groups, andensuring that no one is left behind. The core of these efforts is to addressthe fundamental issues of poverty, such as basic human rights and empowerment.

Amina Mohammedstated that the upcoming three-day meeting will focus on discussing how to makepoverty eradication the overall goal of all policies, with the aim oftranslating the 2030 Agenda for Sustainable Development into action andresults, especially discussing policy approaches at the national level toaddress the challenges faced in poverty eradication in a sustainable andinclusive manner.

2. The UnitedNations and CGTN jointly launch the "Innovation for Development Action toChange Destiny", focusing on a new path for global poverty reduction

On the occasion ofthe 76th session of the United Nations General Assembly and the InternationalDay for the Elimination of Poverty, China Central Television (CGTN), incollaboration with multiple United Nations agencies, jointly launched a specialreport on global poverty reduction action titled "Innovation HelpsDevelopment Action Change Destiny". The program focuses on the survivalchallenges faced by the community with a shared future for mankind, reviewsChina's successful experience in comprehensive poverty alleviation, andexplores how China's solutions can contribute to global poverty reductionefforts. In the program, international authoritative experts such as JeffreySachs, former advisor to the United Nations Secretary General and American economist,highly praised China's achievements in poverty alleviation through technology,believing that infrastructure construction is a key link in eliminatingpoverty. At the same time, the program also showcased innovative povertyreduction cases using technological means to improve agricultural productionefficiency and develop the tourism industry worldwide, providing valuableexperience and inspiration for the global poverty reduction cause.

3. The UnitedNations releases the Sustainable Development Financing Report, calling forfilling the development financing gap

In April 2024, theUnited Nations released the 2024 Sustainable Development Financing Report,pointing out that the global annual development financing gap is estimated tobe $4.2 trillion, higher than the annual $2.5 trillion before the COVID-19epidemic. The report emphasizes that only by significantly increasing financingand reforming the international financial architecture can sustainabledevelopment goals be saved. To this end, the United Nations calls ongovernments, private sectors, international financial institutions, and otherparties to work together to increase financial support for developingcountries, in order to promote the development of key areas such as povertyreduction, education, and healthcare. In addition, the United Nations has launchedmultiple funding initiatives, such as the "2025 Climate Commitment,"aimed at providing sufficient financial support for sustainable developmentgoals through international cooperation and innovative financing models.

The World YouthDevelopment Forum focuses on the power of youth and promotes a new chapter indigital poverty reduction

The 2023 WorldYouth Development Forum will be held in Beijing, with the Youth DigitalDevelopment Theme Forum being one of the highlights. This forum brings togetheryoung representatives and experts from around the world to explore how toenhance the digital technology potential of young people and addresssustainable development issues such as poverty. On the forum, several youngrepresentatives shared their innovative practices and experiences in the fieldof digital poverty reduction, such as using e-commerce platforms to supportrural revitalization and developing digital agricultural technologies. Thesepractices not only inject new vitality into local economic development, butalso provide useful reference and guidance for global digital poverty reduction.Through this forum, the United Nations and governments around the world havefurther recognized the important role of youth in promoting digital povertyreduction, and have committed to increasing support and investment in youthinnovation projects.

4. InternationalDay for the Elimination of Poverty: Global Partnership for a Poverty FreeFuture

October 17th everyyear is International Day for the Elimination of Poverty, and the UnitedNations and its member states hold a series of activities to commemorate thisimportant day. The activities include organizing public welfare events, forumdiscussions, exhibitions, etc., aiming to raise public awareness of povertyissues and call on all sectors of society to actively participate in povertyreduction actions. Through these activities, the United Nations and governmentsnot only showcased their achievements and experiences in poverty reduction, butalso explored new ideas and methods for future poverty reduction. At the sametime, the event also emphasized the responsibilities and roles of governments,businesses, non-governmental organizations, and individuals in povertyreduction, calling on all parties to work together to promote the developmentof global poverty reduction.

5. South SouthCooperation Helps Global Poverty Reduction: Experience Sharing and MutualBenefit

The United Nationsactively promotes South South cooperation among developing countries, injectingnew impetus into poverty reduction efforts. By building an experience sharingplatform, governments, non-governmental organizations, experts and scholars fromvarious countries can exchange poverty reduction experiences and technologieswith each other, and jointly explore poverty reduction strategies. Thiscooperation mechanism not only helps to enhance the poverty reduction capacityof developing countries themselves, but also provides more ideas and solutionsfor the global poverty reduction cause. On the platform, countries can sharesuccessful cases and innovative practices in agriculture, education,healthcare, and other fields, providing useful references and inspirations forother developing countries. Meanwhile, South South cooperation also promotestechnology transfer and financial support, providing strong guarantees fordeveloping countries to achieve sustainable development goals.