Poverty Agreements

Compliance with the International Day for the Elimination of Poverty can be traced back to 17 October 1987. On that day, more than a hundred thousand people gathered at the Trocadero in Paris, where the Universal Declaration of Human Rights was signed in 1948 to pay tribute to the victims of extreme poverty, violence and hunger. They said poverty was a violation of human rights and reaffirmed the need to come together to ensure that human rights are respected. These beliefs are inscribed on a commemorative stone revealed that day. Since then, every year on 17 October, people of all backgrounds, backgrounds and social backgrounds have come together to renew their commitment and show solidarity with the poor. Global trade has played a major role in reducing poverty, but significant challenges remain for trade to work for the poorest. This publication presents eight case studies that show how trade can help reduce poverty in developing countries. Although progress in eliminating extreme poverty has been gradual and widespread, the persistence of poverty, including extreme poverty, remains a major problem in Africa, in least developed countries, in small island developing states, in some middle-income countries, and in countries in conflict and post-conflict. In response to these concerns, the General Assembly decided, at its 62nd session, to proclaim the third United Nations Decade for the Elimination of Poverty (2018-2027). The goal of the third decade is to maintain the momentum created by the implementation of the Second United Nations Decade for the Elimination of Poverty (2008-2017) towards the eradication of poverty. In addition, the third decade should also provide effective and coordinated support for internationally agreed development goals for poverty eradication, including the Sustainable Development Goals. The 2030 Sustainable Development Agenda promises to leave no one behind and achieve the furthest goals.

Achieving this ambitious development agenda requires visionary strategies for sustainable, inclusive, sustainable and equitable economic growth, supported by full employment and decent work for all, social integration, reducing inequality, increasing productivity and a favourable environment. In the 2030 agenda, Goal 1 recognizes that eradicating poverty in all its forms is everywhere the greatest global challenge facing the world today and is an indispensable condition for sustainable development. While poor poverty rates have been reduced by more than half worldwide since 2000, one in ten people still lives in developing regions on less than $1.90 a day – the internationally agreed poverty line, and millions more live on little more than that daily. Significant progress has been made in many countries in East and South-East Asia, but up to 42% of sub-Saharan Africa`s population still lives below the poverty line. Eradication of poverty in all its forms is the first of the 17 Sustainable Development Goals (SDGs) of the 2030 Sustainable Development Agenda. In 1995, the World Summit for Social Development in Copenhagen highlighted three main themes: the eradication of poverty, job creation and social inclusion, contributing to the creation of an international community that enables the construction of safe, just, free and harmonious societies offering opportunities and a higher standard of living for all. Each of these four characteristics characterizes the environment in which the poorest live and prevents them from taking advantage of business opportunities. Poverty in many parts of the world, particularly in sub-Saharan Africa, where the challenge of ending extreme poverty is greatest, is a particularly rural phenomenon.