Showing posts with label Poverty. Show all posts

Nov 19, 2015

Union Cabinet gives nod to Tripartite Agreement of IBSA Fund for the Alleviation of Poverty and Hunger

11/19/2015
The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for signing of the Tripartite Agreement on the IBSA Fund for the Alleviation of Poverty and Hunger.
The IBSA fund for the Alleviation of Poverty and Hunger was set up in 2004 by three member countries India, Brazil and South Africa for South-South cooperation.
 
Points to note
  • The IBSA Fund undertakes development projects in third countries and the first project under it will be financed for the support of agriculture and livestock development.
  • Contribution of IBSA countries: Each member country will contribute US$ 1 million annually for the IBSA Fund.
  • Till January 2015 the total amount accumulated in the fund was 28.2 million US dollars. So far, India on its part has contributed total 9.1 million US dollars to the Fund.
  • The total fund used for implemented or approved projects is around 26.2 million US dollars. Remaining 2.09 million US dollars is available for programming.
  • The fund is one of the three pillars of cooperation under the IBSA Dialogue Forum for South-South cooperation. The other two pillars are consultation and coordination on global political issues and trilateral collaboration in concrete areas and projects.
The IBSA Fund was awarded with South-South Partnership Award at the 2006 UN Day in December 2006. The award indicates the importance of the IBSA Fund in the context of South-South developmental cooperation.

Oct 17, 2015

17 October: International Day for the Eradication of Poverty

10/17/2015
Every year 17 October is being observed as International Day for the Eradication of Poverty throughout the world.
Significance of Day: The Day seeks to promote awareness among people to eradicate poverty and destitution around the world particularly in developing countries.
2015 Theme: Building a sustainable future: Coming together to end poverty and discrimination.
The theme is a special one as it eradication of poverty is one of the 17 ambitious Sustainable Development Goals adopted in September 2015.
 
Background

Oct 6, 2015

Extreme poverty to fall below 10% for first time: World Bank

10/06/2015
 
 
For the first time less than 10 per cent of the world’s population will be living in extreme poverty by the end of 2015.
It was revealed by the World Bank report projections released by Bank President Jim Yong Kim in Washington, US.
 
According to World Bank projections
  • About 702 million people or 9.6 per cent of the world population will live below the poverty line in 2015 and mostly it will comprise populations from Sub-Saharan Africa and Asia.
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