Poverty Gap – Business Journal

World Bank: ‘End Cycle of Poverty Now’

Business Journal — Wed, 18 Oct 2017 21:45:16 +0000

The social status of one’s parents is as influential today as it was 50 years ago in determining a person’s future, according to early findings from an upcoming World Bank report, Fair Progress? Educational Mobility Around the World. Marking the 25thanniversary of the International Day to Eradicate Poverty, the institution sounded the alarm on a lack […]

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Global Donors Commit $75bn to End Extreme Poverty

Business Journal — Mon, 19 Dec 2016 11:51:07 +0000

A coalition of more than 60 donor and borrower governments have agreed to ratchet up the fight against extreme poverty with a record $75 billion commitment for the International Development Association (IDA), the World Bank’s fund for the poorest countries. “This is a pivotal step in the movement to end extreme poverty,” World Bank Group President […]

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Africa Targets $783bn from Climate-change Agreement by 2030

Business Journal — Thu, 10 Nov 2016 03:27:18 +0000

A report by the International Finance Corporation (IFC) shows that the Paris Climate Change Agreement adopted last year will give rise to about $23 trillion in investment opportunities in emerging markets between now and 2030. The study is based on the identified contributions of 189 countries in the battle against global warming as well as on […]

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UN Rights Expert to visit Nigeria to Assess Situation of IDPs

Business Journal — Thu, 18 Aug 2016 22:06:32 +0000

United Nations Special Rapporteur, Chaloka Beyani will carry out his first official visit to Nigeria from 23 to 26 August to examine the situation and human rights of internally displaced persons in the country. “The challenges confronting Nigeria and its government are considerable and cannot be overstated,” Mr. Beyani said. “The Northeastern part of the country […]

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UNDP @ 50: ‘World Must Step Up to Beat Poverty by 2030’

Business Journal — Thu, 25 Feb 2016 06:41:43 +0000

Meeting the Sustainable Development Goals (SDGs) is only possible with a broad coalition of leaders from government, civil society, multilaterals and the private sector, said Helen Clark, Administrator of the United Nations Development Programme, (UNDP) on the eve of a major Ministerial Meeting to mark the organisation’s 50th anniversary. The SDGs are the 17 ambitious […]

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Will 45m Poor Americans Determine 2016 Presidential Race?

Business Journal — Mon, 11 May 2015 14:57:00 +0000

In a presidential campaign where candidates are jockeying to be champions of the middle-class and asking wealthy people for money, the problems facing the poor are inching into the debate. Tensions in places such as Baltimore and Ferguson, Missouri, have prompted candidates to explore the complicated relationship between poor communities and the police, and the deep-seated issues that have trapped many of the 45 million people who live in poverty in the United States. But addressing the long-running economic, education and security troubles in under-privileged neighbourhoods is a challenge with few easily agreed upon solutions.

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The Power of Faith to End Extreme Poverty by 2030

Business Journal — Fri, 24 Apr 2015 08:55:16 +0000

Over 30 leaders from major world religions and heads of global faith-based organisations launched a clarion call to action to end extreme poverty by 2030, a goal shared by the World Bank Group. Ending Extreme Poverty: A Moral and Spiritual Imperative notes that remarkable progress has been made in reducing extreme poverty. Over 25 years, […]

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