There are some following whys to reduce poverty level in a society.
- Cash solves poverty.
- Poverty alleviation with peace.
- Decrease poverty by ending hunger and thirst.
- Reduces poverty through education.
- Commit to get climate change solutions and climate justice.
- Reducing Poverty through Resilience.
- Eliminating Poverty with Equity.
Details of above poverty solution are below.
Cash solves poverty.
Although they may seem like the most straightforward options, cash and microfinance are two of the most effective ways to combat poverty. By offering low interest loans to former, microfinance institutions can play a significant role in reducing poverty. However, due to high interest rates, as well as losses in the agricultural sector and in their businesses, people in "Pakistan" who receive loans from microfinance banks simply pay their interest, and the loans remain as they were. On the other hand, microfinance organizations change into commercial banks. Banks can contribute to the reduction of poverty by offering loans with low interest rates.
Poverty alleviation with peace.
While ambitious, ending all war would allow for the delivery of public services to be paid for by budgets set aside to cover the cost of war. Additionally, it lessens the risks that the most vulnerable communities must face and makes sure that the objectives of inclusion and equality can be upheld.
Decrease poverty by ending hunger and thirst.
To break the cycle of poverty, all it takes is eating three meals per day and consuming a healthy amount of calories and nutrients. A person lacks the strength and energy necessary for work when they don't eat enough. Debilitating illnesses can result from contaminated water.
Additionally, expanding access to clean water may benefit people who reside in rural areas. Water is a women's issue, as you might have guessed if you remembered our first point on inequality. According to recent estimates, women and girls spend 200 million hours daily walking great distances to fetch water.
The need for governments to provide the fundamental social protections and services to keep their citizens healthy and provide them with access to affordable treatment options when they are not goes hand in hand with this solution. Adequate healthcare options for all is a key component of this solution.
Reduces poverty through education.
UNESCO estimates that 171 million people could be lifted out of extreme poverty if all students in low-income countries had only the most fundamental reading and writing skills. We could more than halve the rate of global poverty if all adults received a secondary education. Education increases knowledge and abilities, corrects some inequalities brought on by marginalization, and lowers risk and vulnerability.
Creating access to school in remote areas, assisting teachers in their efforts to provide high-quality instruction, and ensuring that education is accessible to children living in unstable contexts are a few of the key areas of focus for ensuring that education is truly for all.
Commit to reduce climate change solutions and climate justice.
Particularly crucial and deserving of separate mention is resilience against climate change. Without immediate action, the World Bank estimates that over the next ten years, climate change could push an additional 100 million people into extreme poverty.
Concern continues to support both targeted programs (like Paribartan in India and Bangladesh, BRCiS in Somalia, and RAPID in Pakistan) as well as general climate responses (like Disaster Risk Reduction). Governmental commitment to climate justice, particularly on the parts of high-income countries whose carbon emissions are higher than those of the low-income countries hit hardest by climate change, is one of the ways to end poverty that goes beyond any humanitarian mandate.
Reducing Poverty through Resilience.
A high degree of inequality and a high degree of risk combine to create poverty. In order to counteract this, we must make sure that the most defenseless individuals and communities can develop resilience. Although its definition has evolved over the years, in terms of development and humanitarian aid, it still has a very clear meaning. For us, being resilient means collaborating with local communities to develop early disaster preparedness plans. It also entails adjusting to long-term changes (such as combating climate change with Climate Smart Agriculture or developing programs to support the livelihoods, education, and safety of refugees or IDPs). These anti-poverty measures assist in balancing out or even lowering the degree of vulnerability communities may have to risks.
Eliminating Poverty with Equity.
Inequality is one of the major contributors to poverty. Groups of people who lack representation in their communities are further disadvantaged in terms of resources and opportunities as a result of systemic barriers. All groups and identities must participate in developing solutions if a community, or even a nation, is to reduce poverty.
We work in agriculture because women are the backbone of our industry. When women have opportunities, their farms' yields and incomes rise. The management of natural resources has improved. Improved nutrition. Additionally, jobs are more secure. ".
Another significant point is that when we refer to equality, we mean that everyone must experience an equality of outcomes as opposed to an equality of resources. To ensure that they have everything they need to succeed, this might entail providing more resources for those who are most behind.
