Fiinovation Observes International Day for the Eradication of Poverty

Fiinovation Observes International Day for the Eradication of Poverty

Fiinovation Observes International Day for the Eradication of Poverty

Right after the World War II , on 24th October 1945 the United Nations, with 51 members states, was formed to ensure peace, prosperity and a poverty free world. In the year 2000, the world got down to finalise the 8 Millennium Development Goals (MDGs) as part of the Millennium Summit to ensure the world progresses, addressing social challenges that prioritised reducing poverty by half among others. Since then the world has worked together in achieving the goals and setting up better standard of living for the people of the world.

Today, as the world comes to an end of the MDGs, poverty has been reduced by half of what it was back in 1990. Approximately, 700 million people have been uplifted out of poverty. This tremendous success has been mostly accredited towards concrete efforts by China, India and other developing nations. However, the world has not been able to eradicate poverty till now with millions dying of hunger every year.

This year, the International Day for the Eradication of Poverty has its own significance as the world has now adopted the Sustainable Development Goals which will begin from 2016 and end by 2030. One of the major goals among the 17 goals is eradication of poverty which all the 193 member states have taken up as a challenge.

The task ahead would be to work together in a new framework and ensure that poverty is eradicated in all forms and dimensions. It is time for us to recommit ourselves to think, decide and act together for inclusive development and against extreme poverty. Both the developing and the developed countries need to dream of world where no-one is left behind ensuring prosperity for all and not only just a few.

The International Day for the Eradication of Poverty has been observed on 17th October since 1993, when the UNGA passed a resolution to promote awareness of the need to eradicate poverty and destitution in all the nations across the world. Combating poverty has been one of the core agenda of the United Nations as nearly 1.2 billion people are still reeling under poverty and approximately 2.4 billion people lead their life on less than $2 a day. The day has been observed with various themes since 1993 and this year it is “Building a sustainable future: Coming together to end poverty and discrimination.”

Innovative Financial Advisors Pvt. Ltd. has been one of the prime crusader of eradication of poverty from India. With its social development initiatives and partnerships with corporations and civil society, it has been engaging with the marginalised communities to uplift and ensure a better standard of living for them.

By Rahul Choudhury

Media and Communications, Innovative Financial Advisors Pvt. Ltd.

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