World Poverty is Shrinking Rapidly, New Index reveals: Why Cant’t they say that for Ethiopia?

22 Mar
    Editor’s Note

    They list star performers. How come they are not saying anything about the much-vaunted poverty reduction in Ethiopia? This is one question, in the face of the propaganda by the Ethiopian regime, TE has been preoccupied with.

    On its part, the IMF urged on promoting inclusive growth as critical factor for sustaining high growth and making further progress in achieving the Millennium Development Goals (MDGs). In October 2012, it stressed, “Inasmuch as inclusiveness encompasses equity and equality of opportunity—in terms of access to markets, resources, and unbiased regulatory environment for businesses and individuals—policies should be geared towards a longer-term perspective. They should focus on providing incentives for the emergence of a wide range of activities capable of creating jobs for high-skilled and low-skilled workers alike.”

    Already in October the previous year, the Fund warned Ethiopian officials that high inflation has been undermining the earlier years of poverty reduction efforts. No matter what others say, the Ethiopian regime came out with fanfare presided over Meles’s widow Ethiopia has reduced poverty by nearly 30 percent. The world was not impressed this time around.

    This article hereunder is an added evidence to that.

Related materials:

14 Poor Nations Make Progress in Human Development – UNDP’s 2013 HDI Report
 
29 months on, inflation in Ethiopia in February 2013 in double-digits: Why? Part I
29 months on, inflation in Ethiopia in February 2013 in double-digits: Why? Part II

 

By Tracy McVeigh, The Observer

Some of the poorest people in the world are becoming significantly less poor, according to a groundbreaking academic study which has taken a new approach to measuring deprivation. The report, by Oxford University’s poverty and human development initiative, predicts that countries among the most impoverished in the world could see acute poverty eradicated within 20 years if they continue at present rates.

It identifies “star performer” nations such as Rwanda, Nepal and Bangladesh as places where deprivation could disappear within the lifetime of present generations. Close on their heels with reductions in poverty levels were Ghana, Tanzania, Cambodia and Bolivia.

The study comes after the UN’s latest development report published last week which stated that poverty reduction drives in the developing world were exceeding all expectations. It says: “The world is witnessing a epochal ‘global rebalancing’ with higher growth in at least 40 poor countries helping lift hundreds of millions out of poverty and into a new ‘global middle class’. Never in history have the living conditions and prospects of so many people changed so dramatically and so fast.”

The brighter global picture is the result of international and national aid and development projects investing in schools, health clinics, housing, infrastructure and improved access to water. The UN also pointed to trade as being a key factor which was improving conditions in Afghanistan, Ethiopia, Rwanda and Sierra Leone. These improvements have not been picked up in the past when poverty has been measured strictly in income terms without taking into account other factors – health, education and living standards.

Read the full article from The Observer

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