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They detail a country's plan to promote growth and reduce poverty through implementation of specific economic, social and structural policies over a period of three years or longer. [ 7 ] [ 1 ] PRSPs provide lending organizations, like the World Bank and the IMF, assurance that aid receiving countries will utilize aid to pursue development ...
Poverty reduction, poverty relief, or poverty alleviation is a set of measures, both economic and humanitarian, that are intended to permanently lift people out of poverty. Measures, like those promoted by Henry George in his economics classic Progress and Poverty , are those that raise, or are intended to raise, ways of enabling the poor to ...
Solutions or plans for reduction of poverty often fail precisely because the context of a region's poverty is removed and local conditions are not considered. The specific ways in which the poor and poverty are recognized frame them in a negative light. In development literature, poverty becomes something to be eradicated, or, attacked. [20]
In 2021 alone, the temporary child tax credit helped child poverty decrease by 46%, lifting 716,000 Black, 820,000 white, and 1.2 million Latino children and families out of poverty.
Fulfillment of World Bank's mission to reduce poverty requires a deeper "understanding of the nature and characteristics of poverty" itself. [5] Research in this area exposed the long-term negative consequences of seemingly transitory shocks [6] and suggested the need for a preventative view of poverty based on vulnerability.
Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions [1] [2] to solve or address relevant and real-world problems, guided by a conception [3] and often implemented by programs.
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The number of people living in extreme poverty decreased from 1.8 billion to 776 million in 2013. [11] [12] Still, people continue to live in poverty with the World Bank estimating that 40 million to 60 million people will fall into extreme poverty in 2020. [13] Changes relative to higher poverty lines, not just extreme poverty, are also tracked.