Best Ways to Reduce Global Poverty

The World Bank and the Asian Development Bank’s partnership established the Global Poverty Reduction and Inclusive Growth Portal (GPIG) on May 6, 2016. The portal specializes in “policy research, data analysis, country profiles and news on poverty reduction and inclusive growth.” It does this through online and offline events that aim for the increase of international cooperation in collaboration with China’s International Poverty Reduction Center (PRC). This article demonstrates the best ways to reduce global poverty according to GPIG.

The GPIG Portal

GPIG’s area of studies falls under the aim of successfully achieving the Sustainable Development Goals (SDGs). Specifically, SDG1 aims for the elimination of poverty, SDG2 aims for zero hunger, SDG10 aims for reduced inequalities and SDG17 aims for partnerships in achieving these goals. Along with the SDGs, GPIG’s ultimate goal is to support China’s efforts to end poverty by 2020. It would do so through its exhaustive research and analysis on ways to reduce poverty.

The Portal emphasizes the importance of international exchange and cooperation to reduce poverty as well as the need for aid towards China’s efforts to achieve the aimed reduction. GPIG supports the idea of using the Outline for Development-Oriented Poverty Reduction for China’s Rural Areas (2011-2020) as a guideline for international cooperation.

The document focuses on supporting the reduction of domestic poverty by introducing international resources, spreading China’s poverty reduction methods and promoting relations between China and other countries to strengthen the “experience-sharing” in poverty reduction. Within this document, GPIG recommends focusing on applying newer innovations on such mechanisms to expand the platform and better enhance economic and social development.

How should we reduce global poverty?

The best ways to reduce global poverty, according to GPIG, involve the inclusion of the whole society. GPIG believes poverty reduction methods are ineffective if the entire society does not participate. Inclusion of the whole society brings several advantages such as mobilizing strengths to reduce poverty. It also diversifies poverty reduction and its development strategies by combining the efforts of different parties such as domestic offices, government departments, private businesses and NGOs. More importantly, it ensures the sustainability of the poverty reduction achieved since it seems to be the fastest and most consistent method.

GPIG suggests developing projects that create an encouraging environment that keeps the focus of the government’s social organization on poverty reduction. To achieve the most effective project on reduction, GPIG suggests research and interviews on the PRC and on international experiences in social organization’s service contracting, PRC’s roles and motivations in poverty reduction and previous ways the social organization has achieved poverty reduction. Finally, GPIG suggests using such analysis to develop effective and efficient recommendations that focus on expanding the social organization to involve a national rural poverty reduction program.

More about GPIG

GPIG research methods and recommendations are co-managed by the International Poverty Reduction Center in China and the China Internet Information Center. To ensure its best possible functioning and the provision of the most effective recommendations for poverty reduction, UNDP also contributed to the Portal’s establishment along with WB and ADB. The three parties allowed the creation of a clear mission: to create an international platform that will provide the best ways to reduce global poverty by focusing on areas such as research, exchange, training and cooperation.

– Njoud Mamoun Mazhar Mashouka
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