Latest news with #povertyalleviation
CNA
5 days ago
- Business
- CNA
Aceh ranks among poorest provinces in Indonesia, despite billions in aid
Aceh's multi-billion-dollar special autonomy fund from Indonesia's central government is set to expire in 2027. The fund was established to support the province's reconstruction and poverty alleviation efforts following the 2005 peace agreement. In the second installment of CNA's series on the Aceh peace deal, Saifulbahri Ismail explores why, nearly 20 years later, Aceh continues to rank among Indonesia's poorest provinces.
Zawya
23-06-2025
- Business
- Zawya
Cabo Verde: Unlocking Inclusive Growth Through Increased Resilience and Equal Opportunities
Cabo Verde's economy continues on a strong recovery path, according to the latest Cabo Verde Economic Update 2025, released today by the World Bank. Real GDP in Cabo Verde grew by 7.3% in 2024, supported by robust tourism activity and a modest recovery in agriculture. However, while the country has made notable strides – particularly in macroeconomic management, debt reduction, and poverty alleviation – key vulnerabilities remain. These include reliance on tourism, exposure to external shocks, and fiscal pressures from state-owned enterprises (SOEs). The report, titled Unlocking Women's Economic Potential, analyses the country's economic growth projections, highlights progress on poverty alleviation, and outlines the structural reforms needed to ensure sustained and inclusive growth. The report also includes a special topic, focused on leveraging women's economic potential. 'Cabo Verde's recovery is a testament to the resilience of its people and institutions. But to transform this rebound into lasting and inclusive prosperity, bold reforms are needed - particularly to improve SOE governance, support women's economic participation, and diversify the economy,' said Indira Campos, World Bank Resident Representative for Cabo Verde. The report notes that inflation dropped to 1% in 2024 – its lowest level in recent years – helping to bring poverty down to 14.4% ($3.65 a day 2017PPP line). Public investment execution increased, debt levels continued to decline, and the current account posted a surplus for the first time in four years. Looking ahead, GDP growth is projected at 5.9% in 2025, with poverty expected to fall further. However, the report warns that global uncertainties, commodity price shocks, and climate risks could affect the pace of growth and reform. Among the recommendations, the report calls for accelerated efforts to improve SOE performance, prudence in creating new ventures, and for maintaining fiscal discipline while investing in high-impact projects. The report highlights the critical need for policies to ensure growth is inclusive. Despite progress in education and health, Cabo Verdean women continue to face labor market barriers. The report finds that closing gender gaps in employment and earnings could boost GDP by up to 12.2% in the long-term. To achieve this, the report recommends: Expanding access to childcare and flexible work arrangements. Promoting women's skills in science, technology, engineering, and mathematics (STEM), as well as in technical and vocational education and training. Tackling employer discrimination and transforming social norms. ' By aligning reform efforts with inclusive policies, Cabo Verde has a unique opportunity to strengthen resilience, empower more citizens – especially women – and build a more sustainable and equitable future,' said Anna Carlotta Massingue, Senior Country Economist. Distributed by APO Group on behalf of The World Bank Group.
Forbes
02-06-2025
- Business
- Forbes
As Global Aid Recedes, The Need For Proven Solutions Grows
Written by Lauren Hendricks, President and CEO, Trickle Up We've entered a new era of austerity. The global pullback on international aid is still unfolding, and the sector is only beginning to process the full implications. International development foundations will need to choose between the immediate need of providing emergency supplies and providing long-term investment in economic inclusion-based poverty alleviation. This trade-off is daunting, and points to a future where choices are not about priorities, but about survival. Global development efforts face uncertainty — and communities that need aid will suffer if we do not change our approach. Yet within this sobering reality, there is also a sense of possibility. The shift in resources is pushing the sector to confront long-overdue questions and explore new models. Impact investors, philanthropic venture funds, and blended finance models are stepping in where traditional funding is pulling back. These changes mean international development groups must step up now, more than ever, to ensure that vital humanitarian and development efforts continue to reach those who need them. As global development faces growing uncertainty and shrinking aid budgets, one thing is clear: we must invest in what works, and we must embrace the knowledge and lived experience of local leaders. The Data Mandate: Prove It or Lose It As development dollars become scarcer, the pressure to demonstrate cost-effectiveness and results is only intensifying. Donors—large and small—are going to double down on data and evidence of efficacy. In the emerging funding landscape, we will need to prove not only that our poverty alleviation programs increase income, but that they improve outcomes in health, education, women's empowerment, and more. On top of that, we'll need to identify ways to reduce costs without compromising on quality and show funders that investing in economic inclusion delivers multiple returns, across sectors and across time. The Abdul Latif Jameel Poverty Action Lab (J-PAL) recently published a brief that identifies six development programs that save lives, reduce disease, and help the poorest people in the world transition out of extreme poverty. Among them, only one approach has been repeatedly proven to sustainably move the most vulnerable households out of poverty: the Graduation Approach. This holistic, time-bound model equips families with the resources and support they need to build lasting livelihoods, and it works across contexts and geographies, from the remote rural communities of India, Burkina Faso, and Ethiopia, all the way to the post-conflict settings of Uganda and Colombia. Participants in economic inclusion programs continue to earn and save more than their peers even after the programs end. The benefits of the approach persist years after the programs end, with participants earning more, saving more, and experiencing greater food security and social inclusion. Plus, as household income grows, we witness life-changing outcomes in health access, education, and nutrition. A Social Return on Investment (SROI) analysis on the MPowered project—an economic inclusion program focused on women—showed that for every Indian rupee invested, the project generated INR 6.7 in social value. This is a powerful case for scaling graduation programs, especially those rooted in gender equity, digital access, and local leadership. Locally-Led Is No Longer Optional There's now an opening for national governments, local organizations, and regional institutions to step up. Leaders from the Global South represent the communities most impacted by global challenges, and they're ready to offer the clearest solutions. As traditional donors retreat, local leaders have an opportunity to reclaim ownership of the international development agenda and truly decolonize aid. And with their on-the-ground knowledge of local markets, community dynamics, and lived realities, partnering with these local leaders can unlock more effective solutions, and mobilize the funding needed to scale them. Working with local leaders to advance the international development agenda has become essential. This will require some deep shifts in mindset and practice for international NGOs. We must ask ourselves: What role do local organizations want us to play in the next chapter of development? How do we support rather than direct? And how do we shift power, resources, and decision-making to the communities we serve? A New Chapter Begins Working to support those who are experiencing extreme poverty and exclusion has never been more urgent. In the current funding climate, the Graduation approach isn't just a smart policy, it's smart economics: cost-benefit analyses show that long-term income gains often exceed the cost of implementation. In short, if we want to efficiently reduce poverty, we must fund approaches grounded in evidence—and Graduation delivers. When paired with the partnership of local leaders, the Graduation approach becomes a powerful engine for sustainable change, rooted in trust, tailored to context, and scaled for impact.
Zawya
19-05-2025
- Business
- Zawya
China-aided agricultural demonstration village launched in Zimbabwe
HARARE (Xinhua) — A China-aided agricultural demonstration village was officially launched on Wednesday in the Shamva District of Mashonaland Central Province, Zimbabwe, to enhance agricultural productivity among rural farmers. The demonstration village, the second of its kind set up by a Chinese agricultural expert group in the southern African country, draws inspiration from China's experience in poverty alleviation and aims to assist local farmers in transitioning from subsistence farming to a business-oriented approach. Dozens of households are gaining hands-on experience in sustainable farming through advanced irrigation systems, high-yielding drought-resistant seed varieties, precision farming techniques to optimize output, and integrated livestock-crop systems, according to the expert group. Speaking at the launching ceremony of the demonstration village attended by Chinese and Zimbabwean officials and local villagers, Zimbabwean Deputy Minister of Lands, Agriculture, Fisheries, Water, and Rural Development Vangelis Haritatos said the demonstration village highlights the shared vision for agricultural transformation between the two countries. 'This project is a testament to the enduring friendship and strategic partnership between Zimbabwe and the People's Republic of China, rooted in mutual respect, shared prosperity, and a common vision for sustainable development,' he said, adding that capacitating rural farmers is critical for rural revitalization efforts and ensuring community development in the face of climate change. 'The strategic importance of this demonstration village is that this project is not just another agricultural venture; it is a living laboratory of innovation, a bridge between traditional knowledge and modern technology, and a testament to South-South cooperation,' said Haritatos. On his part, Chinese Ambassador to Zimbabwe Zhou Ding said the initiative deeply resonates with China's remarkable journey of development and poverty alleviation. 'We fully recognize that with over 60 percent of Zimbabwe's population living in rural areas, it is essential to support the rural residents, especially those from marginalized and disadvantaged communities, in breaking the chains of poverty and unlocking their full potential,' said Zhou. Beyond farming, the demonstration village also incorporates agro-processing facilities to add value and reduce post-harvest losses, training centers for skills transfer, renewable energy solutions, solar-powered cold storage, and processing units. Nomalisa Zindi, one of the beneficiaries, said the initiative has been pivotal in transforming subsistence farming into small businesses and creating self-sustainability. 'We are no longer begging or asking for something, but we are doing it for ourselves, knowing that we are working on something that will give us money for our pockets and the money to keep the project going,' she said. © Copyright The Zimbabwean. All rights reserved. Provided by SyndiGate Media Inc. (
