SDG 1
No Poverty
No Poverty
Sustainable Development Goal 1 is to eliminate poverty, which is one of the themes of discussion.This Goal 1 consists of seven targets under the theme of "Ending All Forms of Poverty Everywhere". As a representative, consider a concrete action plan to put an end to all forms of poverty by 2030. We look forward to seeing you at KGUMUN 2022 and wish you all the best for the conference.
Best regards,
Extreme poverty means living on less than $1.9 a day according to the World Bank's "International Standards for Poverty.” One in ten out of the global population of 736 million people is in extreme poverty, 70 percent of which are from South Asian and African countries. From 2015 to 2018, the global poverty rate dropped from 10.1% to 8.6%. However, COVID-19 increased this rate from 8.3% in 2019 to 9.2% in 2020. This is the first increase in extreme poverty rate since 1998 and the highest poverty rate since 1990 when the rate was 36 percent. About 1.3 billion people are in multifaceted poverty, and half of the poor are under the age of 18.
COVID-19 added around 1.2million poor people in 2020, and 7.5 million to 95 million people fell into extreme poverty in 2022. By 2020, only 47% of the world's population was effectively protected by cash benefits of social safeguards. Between February 1st and December 31st, 2020, 209 countries and more than 1700 regions addressed poverty caused by COVID-19 and protected their health, work and income. About 4 billion people have not yet been protected by society and have lost their safety nets. Social protective measures are the prevention and reduction of poverty throughout the life cycle.
Disaster poverty also reported a direct economic loss of $16.55 billion in 33 countries.
The proportion of workers in the world who are extremely poor fell by more than half from 14 percent to 6.6 percent between 2010 and 2019. However, the serious economic impact of COVID-19 could slow global progress. Also, in 2019, one-third of women employed were in poverty. Young workers around the world may live twice as long as poor adults, reflecting a decline in income.
Targets : Goal 1 | Department of Economic and Social Affairs (un.org)
a. The Food and Agriculture Organization (FAO)
The Food and Agriculture Organization is a United Nations agency leading international efforts to overcome hunger.
The FAO's goals are to help eradicate hunger, food insecurity, and malnutrition; increase agricultural productivity and sustainability; reduce rural poverty; achieve inclusive and efficient agriculture; and protect livelihoods from disasters. With 195 members and the European Union, FAO works in more than 130 countries.
Home | Food and Agriculture Organization of the United Nations (fao.org)
b. The World Bank
The World Bank has members of 189 countries, has staff from more than 170 countries, and has offices in more than 130 locations. Sustainability leads to poverty reduction and shared prosperity in developing countries. The World Bank Group consists of the following five institutions: the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Multilateral Investment Guarantee Agency, and the International Center for Settlement of Investment Disputes. The World Bank and the International Monetary Fund (IMF) supported the implementation of the Debt Service Suspension Initiative (DSSI) by monitoring spending, increasing transparency of public debt, and ensuring prudent borrowing; DSSI borrowers committed to use the resources freed up to increase spending on society, health, or the economy as a response to the crisis. They also committed to disclose all public sector financial commitments (including debt and debt-like instruments). It also committed to limit non-concessional borrowing under IMF arrangements and the World Bank's Sustainable Development Financing Policy.
World Bank Group - International Development, Poverty, & Sustainability
c. United Nations Global Compact (UNGC)
The United Nations Global Compact brings together a global movement of sustainable companies and stakeholders to achieve the world that people want. It develops strategies and operations based on the ten principles of human rights, labor, environment, and anti-corruption, and operates responsibly. It also takes strategic actions to advance broader social goals, such as the UN Sustainable Development Goals, with a focus on collaboration and innovation.
CONCLUSION
According to the FAO, one in ten people in the world live in poverty. The poverty rate, which was decreasing before COVID-19, increased by 2% due to COVID-19. Poverty involves many dangers and problems, such as deteriorating situations, which must be tackled by the UN and countries as a whole. We believe that the world will be a better place if we can find solutions to make it safer for all people under different circumstances.