#PovertyReduction

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An open letter to the U.S. Congress

Expand the Child Tax Credit (CTC) to low-income children!

1,091 so far! Help us get to 2,000 signers!

As House and Senate negotiators finalize a tax package, I strongly urge you to demand that it include expanding the Child Tax Credit (CTC) to low-income children. While this proposal wouldn’t go as far as the last time Congress expanded the CTC in 2021 as a part of President Biden’s American Rescue Plan, it is a step towards fixing the current CTC, which provides higher benefits to families earning $400,000 per year than to families earning $15,000. There are currently 19 million children who do not receive the full credit (or any credit) because their families do not make enough money. The vast majority of these families have some paid income but are still left out of the full CTC. As reported, the proposed CTC expansion will reach 80% of those currently not getting the full CTC―and lift about 400,000 children above the federal poverty line. This would be an important―albeit incremental and temporary―step to shift tax policies and reduce poverty. When the Child Tax Credit was expanded in 2021, child poverty fell by 46%, lifting 716,000 Black children, 820,000 white children, and 1.2 million Hispanic children out of poverty in just one year―a stunning achievement. When Congress let the expanded CTC expire at the end of 2021, all of the gains made were wiped out. Children out of poverty have better school performance, better health outcomes, and are more mentally and emotionally well-adjusted. Ensuring that the full Child Tax Credit reaches the lowest-income children who need it most will have immeasurable benefits to families and our society for generations to come. As your constituent, I am strongly urging you to expand the Child Tax Credit in upcoming legislation, and to oppose any tax package that does not include a significant CTC expansion targeted to help low-income families―and then work to enact permanent tax policy changes to bring the full credit to all families with low incomes. Thanks!

▶ Created on January 16 by Jess Craven

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"Microfinance: Empowering Entrepreneurs and Transforming Communities"

Microfinance is a financial service aimed at providing small loans and financial support to individuals, particularly in underserved or low-income communities, who may not have access to traditional banking services. These services are crucial for fostering entrepreneurship, enabling individuals to start or grow small businesses, and improve their livelihoods. By offering microloans, microfinance institutions (MFIs) help individuals who lack collateral or credit history to build a better future for themselves and their families.

One of the key aspects of microfinance is its focus on financial inclusion. By providing access to small loans, savings, insurance, and other financial products, microfinance institutions open up opportunities for people who are typically excluded from the formal banking system. This inclusivity not only empowers individuals to break the cycle of poverty but also stimulates local economies by supporting small-scale businesses and entrepreneurial endeavors that create jobs and contribute to community development.

Microfinance has proven to be especially impactful for women and marginalized groups, who often face additional barriers to accessing financial resources. In many parts of the world, microfinance has become a tool for gender equality, providing women with the means to pursue business ventures, gain financial independence, and improve their social standing. Women-led microenterprises often contribute to community growth, particularly in areas like education, healthcare, and sustainable agriculture, where they play a pivotal role in improving overall well-being.

While microfinance has shown remarkable success in transforming lives, it also faces challenges such as over-indebtedness, high-interest rates, and sustainability concerns for the institutions involved. However, the rise of digital microfinance platforms and innovative lending models offers new solutions to these challenges, providing faster, more flexible, and scalable ways to reach underserved populations. As microfinance continues to evolve, it remains a vital tool for fostering financial independence, reducing poverty, and creating a more inclusive global economy.

[smsehgalfoundation]

Eradication of Poverty Through community participation

The best rural development NGO in India, S M Sehgal Foundation, works relentlessly toward the eradication of poverty through community participation and sustainable development.

[socialenterprise23]

How Sustainable Livelihood Programmes Create Long-Term Impact on Poverty Reduction

Poverty is a persistent global issue that affects millions, limiting opportunities and trapping individuals and families in cycles of deprivation. Traditional approaches to poverty reduction have largely focused on short-term aid and emergency relief, providing immediate, though temporary, solutions. However, sustainable livelihood programmes have emerged as a more effective long-term strategy for alleviating poverty by empowering individuals and communities to achieve self-sufficiency.

These programmes offer a holistic approach to poverty reduction, fostering resilience and creating lasting impact by focusing on skills, resources, and support that enable people to generate consistent income. When integrated with healthcare-based solutions, they further enhance community well-being, creating a robust framework for poverty alleviation.

Empowering Individuals through Skills Development

One of the cornerstones of sustainable livelihoods programmes is skills development. By providing training in a wide range of trades and professions – from agriculture and crafts to digital skills – individuals acquire the ability to meet local market demands. This training not only enables them to earn an income but also fosters self-confidence and a sense of agency, which is essential for lasting social and economic upliftment.

For example, in many rural areas where agriculture is the primary economic activity, sustainable livelihood programmes focus on training farmers in sustainable farming techniques. By introducing new methods that increase yields while preserving soil health, these programmes help farmers generate higher income without depleting resources. Likewise, in urban areas, skills training in trades like tailoring, carpentry, or digital literacy enables individuals to find stable employment or start their own businesses, furthering economic resilience.

Creating Access to Markets and Financial Services

Another critical element of sustainable livelihood programmes is creating access to markets and financial services. Many low-income communities face barriers that prevent them from accessing fair markets, which is a major hindrance to financial stability. Sustainable livelihood programmes address this by connecting individuals with networks, marketplaces, and financial institutions that support their growth.

Microfinance, for instance, plays a crucial role in enabling individuals to start small enterprises, providing loans and other financial services that would otherwise be inaccessible. When combined with training in financial literacy, these services allow people to manage resources effectively, invest in their businesses, and eventually improve their financial standing. This integrated approach to poverty reduction ensures that individuals not only have the skills to earn an income but also the resources to sustain and expand their livelihoods over time.

Integrating Healthcare-Based Solutions for Holistic Development

While skills development and market access are essential, sustainable livelihoods programmes must also address health to create a well-rounded foundation for poverty alleviation. A healthy workforce is more productive, and reducing health-related barriers is crucial for breaking the poverty cycle. Integrating healthcare-based solutions into sustainable livelihood programmes provides individuals with the support they need to stay healthy and productive.

An approach to healthcare-based solutions in this context involves ensuring access to basic healthcare services, clean water, and sanitation. Preventive care and education on health issues help communities avoid illnesses that can severely impact their economic stability. Furthermore, healthcare-based initiatives can also include mental health support, which is vital for individuals facing the stresses associated with poverty. By addressing healthcare alongside economic empowerment, sustainable livelihoods programmes build resilience, allowing individuals to focus on their work and secure their futures without the constant threat of health crises.

Promoting Environmental Stewardship for Long-Term Impact

Sustainable livelihoods are inherently tied to environmental sustainability. Many of the world’s poorest communities rely on natural resources for their income, making environmental degradation a significant threat to their livelihoods. Sustainable livelihood programmes often include training in eco-friendly practices that reduce environmental harm while ensuring long-term economic stability.

For example, in areas dependent on agriculture, programmes may encourage organic farming practices, agroforestry, or water conservation techniques. These practices protect the environment, preserve resources for future generations, and ensure that the natural foundations for livelihoods remain intact. This focus on environmental stewardship not only safeguards resources but also mitigates risks associated with climate change, which disproportionately affects impoverished communities.

Building Resilient Communities through a Holistic Approach

The most effective sustainable livelihood programmes are those that foster a holistic approach to poverty reduction by addressing social, economic, and environmental factors. This approach not only enhances individual well-being but also strengthens communities, creating networks of self-reliant, resilient individuals who contribute positively to society.

Resilience is crucial for communities facing ongoing challenges, including economic shocks or natural disasters. By embedding adaptability into their frameworks, sustainable livelihood programmes prepare individuals and communities to weather such challenges. This resilience is a key factor in ensuring that poverty reduction efforts have a lasting impact, as it enables communities to recover more quickly and continue progressing towards economic stability.

Sustainable livelihood programmes offer a powerful, long-term approach to poverty reduction. By equipping individuals with skills, ensuring access to markets, integrating healthcare-based solutions, and promoting environmental stewardship, these programmes create opportunities for people to achieve financial independence and resilience. Unlike temporary relief measures, sustainable livelihoods focus on self-reliance, enabling people to break free from poverty and contribute to the economic health of their communities. The holistic approach of these programmes, combining economic empowerment with healthcare and environmental sustainability, lays the groundwork for a future where poverty can be effectively addressed and ultimately reduced.

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The minimum wage debate is heating up again as the cost of living soars and workers demand fair pay! Introduced during the Great Depression, the federal minimum wage has only seen a handful of adjustments since its inception. Proponents argue that raising it could lift millions out of poverty, boost consumer spending, and enhance worker morale. But opponents warn of rising prices and potential job losses. It’s a complex tug-of-war between economic growth and fair compensation. How do we find a balance that works for everyone? Join the conversation and stay informed!

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[indian-school-of-public-policy]

The Free Trade Revolution: Dr. Arvind Panagariya’s Vision

Dr. Arvind Panagariya advocates for free trade as the cornerstone of India's export-led growth, leveraging comparative advantages and reducing poverty.

[motherteresacharitabletrust]

World Day of the Poor!

Let's come together to uplift the lives of the marginalized. On this World Day of the Poor, let's pledge to be a beacon of hope and compassion. Your small act of kindness can make a big difference.

Join Us : https://www.motherteresacharities.org/

Donate Now : https://www.motherteresacharities.org/donations.php

[perspectiveunbound]

Boosting Scotland's Economy Through Financial Literacy: A Strategic Imperative

Championing Financial Literacy: A Keystone for Scotland's Economic Empowerment Hello, dear readers! In today's post, we turn our focus to a foundational element critical for personal and national prosperity: financial literacy. Broadly misunderstood and often overlooked, financial literacy refers not just to the ability to balance a chequebook but encompasses a deeper understanding of financial principles and the competence to make informed judgements and effective decisions regarding the use and management of money. Scotland, like many regions worldwide, faces the challenge of bridging significant gaps in financial knowledge among its population. This issue is paramount as financial literacy is directly correlated with the financial health and stability of individuals and, by extension, the economy. Investing in financial education could serve as a powerful catalyst for Scotland’s economic resurgence. Enhanced knowledge leads to better personal financial decisions, which in turn reduces vulnerabilities to financial crises both at individual and communal levels. A financially literate populace is more adept at saving, less prone to accruable debt, and more likely to invest wisely, contributing positively to the broader economic fabric. The benefits of raising financial awareness are not just limited to economic health but extend into fostering a more inclusive society. By empowering individuals with financial knowledge, we equip them with the tools to secure their future and potentially break cycles of poverty that hamstring parts of our community. Scotland's path to greater economic freedom and sustainability can be significantly bolstered by embedding financial education into school curriculums, promoting community-based financial advice workshops, and integrating these teachings into daily digital content consumed by the public. As we reflect on these perspectives, I invite you to share your thoughts and experiences regarding financial literacy. What steps do you think can be taken to enhance financial knowledge across diverse age groups in Scotland? Thank you for joining today’s important discussion. Warm regards, Alastair Majury *Perspectives Unbound* --- *Follow Alastair Majury for more insights on economic freedom, innovation, and financial literacy as stepping stones to economic prosperity in Scotland.*

[nikkiadderley88]

Letsdiskuss:- Top 20 Countries with Lowest Homeless Rates Worldwide

Numerous countries work to cope with homelessness as an essential problem, with differing degrees of success. While numerous nations have formidable barriers, others have efficaciously instituted rules and tasks geared toward ensuring their citizens' access to steady housing. Let us take a look at the top 20 international locations with the lowest incidence of homelessness in the global, illuminating their regulations and methods. News, social media, tune, films, sports activities, video games, movies, shopping, travel, and weather are blended to give a thorough photo of the social backdrop in those nations. Read more on Letsdiskuss.com

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Empowering Change: Microfinance's Role in Poverty Reduction 💪💸

Hey Tumblr fam! Today, let's shine a spotlight on an incredible force for good: microfinance. 🌟💼

🌍 Breaking Barriers, Building Bridges: Microfinance isn't just about loans; it's about empowerment. By providing financial services to those traditionally excluded from the formal banking sector, microfinance opens doors for individuals and communities to thrive.

💡 A Hand Up, Not a Handout: One of the most beautiful aspects of microfinance is its focus on self-reliance. Instead of charity, it offers dignity through opportunity. With access to small loans, savings, and insurance, people can start businesses, invest in education, and create better futures for themselves and their families.

📈 Economic Ripple Effects: The impact of microfinance extends far beyond the individual borrower. As businesses grow and succeed, they create jobs, stimulate local economies, and contribute to overall community development. It's like planting seeds of change that sprout into flourishing gardens of opportunity.

🌱 Empowering Women: Microfinance has been a game-changer for women around the world. By providing them with financial resources and entrepreneurial training, it breaks down barriers and challenges gender norms. When women thrive, entire communities thrive.

🌟 Evidence of Success: Research has shown time and again that microfinance works. Studies demonstrate its positive effects on income generation, household welfare, and even health and education outcomes. It's not just a theory; it's a proven pathway out of poverty.

💬 Join the Conversation: What are your thoughts on microfinance? Have you seen its impact firsthand, or do you have questions about how it works? Let's chat and continue to spread awareness about this powerful tool for poverty reduction. 💬💭

Together, we can amplify the message of hope and change that microfinance brings to millions of lives worldwide. 🌏💖

[usnewsper-politics]

Cherelle Parker: A New Hope for Philly's Future! #affordablehousing #AfricanAmericanwoman #CherelleParker #criminaljusticereform #debateperformance #diversityinleadership #economicdevelopment. #education #endorsements #mayoralelection #PhiladelphiaCityCouncil #povertyrate #povertyreduction #publicschools #publictransportation #smallbusinesses #votersupport

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Entering the Evaluation Phase, Australia-Indonesia Partnership Program SKALA Must Be Utilized Effectively

Entering the Evaluation Phase, Australia-Indonesia Partnership Program SKALA Must Be Utilized Effectively #AustraliaIndonesia #SKALAProgram

Hargo.co.id, GORONTALO – Gorontalo Provincial Secretary, Sofian Ibrahim suggests that the presence of SKALA should be utilized effectively to innovate various programs. He conveyed this during the provincial committee meeting held at Manna Caffee and Bakery, Gorontalo, on Tuesday (30/1/2024). According to him, if the proposed program supports service quality, it will surely receive support from…

[thxnews]

World Bank: Digital Drive & Latin America's Inclusive Growth

  Progress and Challenges in the Region

As Latin America and the Caribbean (LAC) look back on decades of progress in macroeconomic resiliency and successful navigation through multiple post-pandemic crises, a new report from the World Bank sheds light on a persistent issue: the region's growth, while commendable, is still insufficient to tackle poverty and unemployment effectively. Fiscal constraints further hinder the necessary investments. However, the report titled "Wired: Digital Connectivity for Inclusion and Growth" suggests that embracing digital connectivity, alongside complementary policies, could usher in dynamic and inclusive societies.   Slow Growth and Ambitious Goals The report predicts that the regional GDP will grow by 2.0% in 2023, a slight improvement from the previous projection of 1.4%. Nonetheless, this growth still lags behind other global regions. Projections for 2024 and 2025 are slightly higher at 2.3% and 2.6%, respectively. However, these figures, reminiscent of the 2010s, may not suffice to make substantial progress in reducing poverty and fostering inclusion.  

Calls for Urgent Action

Carlos Felipe Jaramillo, World Bank Vice President for Latin America and the Caribbean, acknowledges the region's resilience in the face of post-pandemic shocks but underscores the persistently lackluster growth. He emphasizes the urgent need for countries to prioritize inclusion and growth, enhance governance, and build social consensus. Jaramillo sees digital solutions as integral to the equation, as they complement structural reforms, boost productivity, enhance service delivery, and improve government efficiency.   Economic Reforms and Global Challenges Over the past three decades, Latin America and the Caribbean have implemented substantial macroeconomic reforms that have bolstered their resilience to external shocks. This resilience was evident during the multiple post-pandemic crises, including challenges arising from inflation, Ukraine war-related uncertainty, soft commodity prices, and escalating debt. While some hurdles persist, poverty and employment levels have generally returned to pre-pandemic norms. Inflation, excluding Argentina and Venezuela, stands at a regional average of 4.4%, lower than that of OECD countries.  

Navigating a Complex Global Landscape

Despite some improvements, the global context remains challenging, marked by high-interest rates, sluggish growth in advanced economies, and uncertainty regarding China's prospects. Governments in the region continue to grapple with fiscal constraints. The debt-to-GDP ratio, though lower at 64% compared to 67% a year ago, still exceeds the 2019 level of 57%. Additionally, high-interest rates have increased the burden of debt service.   The Role of Digital Connectivity William Maloney, Chief Economist for Latin America and the Caribbean at the World Bank, highlights the potential of private and public investment in digital connectivity to stimulate new sectors, jobs, and trade. He emphasizes that it can also enhance government programs, from education to agricultural extension. However, Maloney cautions that digital connectivity alone is not a panacea for growth and could exacerbate existing inequalities if not coupled with investments in skills, finance, and regulatory systems.  

Bridging the Digital Divide

To harness the advantages of the digital economy and promote better governance, the report identifies gaps and opportunities in digitalization:   Addressing Infrastructure Gaps The report highlights that while mobile internet access is widespread, there remains a coverage gap, with 7% of the population (45 million people) lacking access to mobile broadband networks. Fixed internet is present in 74% of urban households but only 42% of rural households. Quality issues persist, with 55% of connected households reporting low-quality services. Addressing these disparities requires both technological and institutional innovations to facilitate widespread internet access.   Overcoming Usage Barriers Approximately 38% of the population (240 million people) lives in areas with internet coverage but choose not to connect. High costs, lack of awareness about the advantages of connectivity, and unfamiliarity with digital platforms contribute to this choice. To close these gaps, it's imperative to tackle affordability issues and expand digital skills.   Beyond Access: Complementary Investments Access to broadband alone is insufficient; people need the tools and capabilities to seize digital opportunities. Critical areas for action include strengthening digital and traditional human capital skills, ensuring financing availability, and establishing efficient government protocols and a supportive regulatory framework.   Governance for Efficiency Digital tools can make governments more responsive, efficient, and inclusive. Reducing transaction costs particularly benefits remote and disadvantaged segments of society. Leveraging digital networks and tools can help recover as much as 4% of GDP currently lost to inefficiencies in public expenditures and spending leakages.   Sources: THX News & World Bank Report. Read the full article

[socialenterprise23]

How Social Protection Enhances Family Stability and Well-being

In an increasingly unpredictable world, the concept of social protection has emerged as a critical component of public policy aimed at enhancing family stability and well-being. Social protection encompasses a range of policies and programmes designed to reduce poverty and vulnerability by promoting efficient labour markets, diminishing people's exposure to risks, and enhancing their capacity to manage economic and social risks. 

This blog post will explore how social protection systems contribute to family stability and well-being, with a particular focus on the integration of technology for social protection and the broad benefits for families in these frameworks.

The Role of Technology in Social Protection

The integration of technology for social protection has revolutionised the way these programmes are administered and accessed. Digital technologies have streamlined the identification and registration processes, making it easier to target the right beneficiaries. For example, biometric identification systems ensure that benefits reach the intended recipients, reducing fraud and leakage. Mobile banking and digital wallets have facilitated timely and secure disbursement of cash transfers, even in remote areas.

Moreover, technology has enhanced transparency and accountability in the administration of these programmes. Digital platforms enable real-time monitoring and evaluation, allowing policymakers to track the effectiveness of social protection interventions and make data-driven adjustments. This technological integration not only improves efficiency but also empowers beneficiaries by providing them with better access to information and services.

Enhancing Family Stability

One of the primary benefits for families in social protection is the enhancement of stability. Financial instability is a major stressor for families, often leading to negative outcomes such as poor mental health, disrupted education for children, and strained relationships. Social protection programmes, by providing a reliable source of income, help mitigate these stressors.

Cash transfer programmes, for example, provide families with the means to cover essential expenses such as food, housing, and healthcare. This financial support ensures that families can maintain a basic standard of living even in times of economic hardship. Additionally, social insurance schemes like unemployment benefits offer a buffer for families facing job loss, allowing them time to secure new employment without immediate financial distress.

Promoting Well-being

Social protection programmes also play a significant role in promoting overall well-being. Access to healthcare is a crucial component of well-being, and social protection schemes often include health insurance that makes medical services more affordable and accessible. This access to healthcare ensures that families can address health issues promptly, reducing the risk of long-term illnesses and improving quality of life.

Education is another critical area where social protection enhances well-being. By providing financial assistance, these programmes enable families to invest in their children's education, covering costs such as school fees, uniforms, and supplies. This investment in education not only improves the future prospects of the children but also contributes to breaking the cycle of poverty in the long term.

Strengthening Social Cohesion

Beyond the immediate financial and well-being benefits, social protection also fosters social cohesion. When families are supported through social protection programmes, they are less likely to experience severe economic disparities that can lead to social unrest and conflict. By reducing poverty and inequality, social protection contributes to a more stable and harmonious society.

Empowering Women and Promoting Gender Equality

Social protection programmes often have a significant impact on gender equality. Many schemes are designed to empower women, who are disproportionately affected by poverty and economic instability. For instance, maternity benefits and child support payments help women balance work and family responsibilities, reducing the financial burden on single mothers and promoting gender equality.

Moreover, targeted social protection interventions can address gender-specific vulnerabilities, such as violence against women and girls. By providing financial independence and support, these programmes help women escape abusive situations and build safer, more secure lives for themselves and their families.

In conclusion, the benefits for families in social protection are manifold, encompassing financial stability, improved well-being, social cohesion, and gender equality. The integration of technology for social protection has further enhanced the effectiveness and reach of these programmes, ensuring that they serve as a robust safety net for families worldwide. As we continue to navigate the complexities of the modern world, the importance of comprehensive social protection systems cannot be overstated. They are essential for fostering stable, healthy, and equitable societies where families can thrive.

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1.A SDG A mobilize resources to implement policies to end poverty googl...

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Bill Gates' $200 Billion Legacy: The Future of the Gates Foundation

https://newsplusglobe.com/ Join News Plus Globe as we explore Bill Gates' groundbreaking announcement to wind down the Gates Foundation by 2045, committing $200 billion to global health and development. Discover the challenges and opportunities ahead, the role of AI in philanthropy, and the impact of government cuts on foreign aid. Learn how the Gates Foundation plans to eradicate diseases, reduce poverty, and set a new standard for philanthropy. Don't forget to follow and subscribe for more insightful content! #BillGates #GatesFoundation #Philanthropy #GlobalHealth #AI #ForeignAid #PovertyReduction #Innovation #NewsPlusGlobe