Eradication of Poverty
In today’s world, more than 3 billion people worldwide live on less than $2.50 a day. More than 1.3 billion people live in extreme poverty which means that they receive at most $1.25 a day. As shown, poverty is a major issue throughout the world, and it causes harm to many people. Poverty is a very ubiquitous issue considering the amount of people affected by it. To put this into perspective, 22,000 children, the people who will shape our future, die each day.
Poverty is very prevalent in Hungary as 1/3 of its population lives in deep poverty. Almost half of all Hungarians (44%) can’t access basic resources which is a problem that cannot be ignored. Children are being greatly affected by poverty in Hungary. For every 1000 children, 6.1 would die before their fifth birthday. In the past few years, the number of children being taken away from their families due to poverty is at an all time high. It has gotten to a point where people are leaving Hungary because they believe they won’t have any future in there. Hungary is clearly affected by poverty greatly. Hungary is one of the top places in Europe where poverty is prevalent and that is not something that should stay like that.
In efforts to make international relief funds as effective as possible, a new series of reports from the World Bank offers a promising method for ensuring their strategic use. European Union funding and the commission of Hungary’s Ministry of Human Capacities have produced the Promoting Inclusive Growth in Hungary Advisory Service Activity, a project which has provided the framework for the World Bank reports. These reports have identified a need for concrete initiatives, coordination between local and national level efforts, and targeted investments in order to more successfully combat poverty in Hungary.
- Mustafa Sharba