Related Research Articles
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in 6 ADB Avenue, Mandaluyong, Metro Manila 1550, Philippines. The bank also maintains 31 field offices around the world to promote social and economic development in Asia. The bank admits the members of the UN Economic and Social Commission for Asia and the Pacific, and non-regional developed countries. Starting with 31 members at its establishment, ADB now has 68 members.
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according to the International Monetary Fund (IMF).
Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, and a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled nearly US$40 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent. The first economist who had invented the idea of micro loans was The Very Reverend Jonathan Swift in the 1720’s. Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor. Modern microcredit is generally considered to have originated with the Grameen Bank founded in Bangladesh in 1983 by their current Chief Adviser Muhammad Yunus. Many traditional banks subsequently introduced microcredit despite initial misgivings. The United Nations declared 2005 the International Year of Microcredit. As of 2012, microcredit is widely used in developing countries and is presented as having "enormous potential as a tool for poverty alleviation." Microcredit is a tool that can possibly be helpful to reduce feminization of poverty in developing countries.
The heavily indebted poor countries (HIPC) are a group of 39 developing countries with high levels of poverty and debt overhang. Because of these factors, the International Monetary Fund (IMF) and the World Bank have classified them as eligible for special assistance.
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.
Japan has been establishing its foreign aid contributors since the 1990s. The three government institutions involved in disbursing this are: the Japan International Cooperation Agency (JICA), and the Japanese Bank of International Cooperation (JBIC). This is now the nodal agency for all Japanese concessional loans, and replaced Japan Export-Import Bank (JEXIM) and the Overseas Economic Cooperation Fund (OECF) in 1999.
Poverty in Pakistan has been recorded by the World Bank at 39.3% using the lower middle-income poverty rate of US$3.2 per day for the fiscal year 2020–21. In September 2021, the government stated that 22% percent of its population lives below the national poverty line set at Rs. 3030 (US$10) per month.
Drinking water supply and sanitation in Pakistan is characterized by some achievements and many challenges. In 2020, 68% Pakistanis, 72% Indians, 54% Bangladeshi had access to the basic sanitation facilities. Despite high population growth the country has increased the share of the population with access to an improved water source from 85% in 1990 to 92% in 2010, although this does not necessarily mean that the water from these sources is safe to drink. The share with access to improved sanitation increased from 27% to 38% during the same period, according to the Joint Monitoring Program for Water Supply and Sanitation. There has also been considerable innovation at the grass-root level, in particular concerning sanitation. The Orangi Pilot Project in Karachi and community-led total sanitation in rural areas are two examples of such innovation.
Community-driven development (CDD) is an initiative in the field of development that provides control of the development process, resources and decision making authority directly to groups in the community. The underlying assumption of CDD projects are that communities are the best judges of how their lives and livelihoods can be improved and, if provided with adequate resources and information, they can organize themselves to provide for their immediate needs. CDD projects work by providing poor communities with direct funding for development with the communities then deciding how to spend the money. Lastly, the community plans and builds the project and takes responsibility for monitoring its progress.
Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015. In 2016 during its first recession in 25 years, the economy contracted by 1.6%. Nationally, 43 percent of Nigerians live below the poverty line, while another 25 percent are vulnerable. For a country with massive wealth and a huge population to support commerce, a well-developed economy, and plenty of natural resources such as oil, the level of poverty remains unacceptable. However, poverty may have been overestimated due to the lack of information on the extremely huge informal sector of the economy, estimated at around 60% more, of the current GDP figures. As of 2018, the population growth rate is higher than the economic growth rate, leading to a slow rise in poverty. According to a 2018 report by the World Bank, almost half the population is living below the international poverty line, and unemployment peaked at 23.1%.
Shoaib Sultan Khan NI is one of the pioneers of rural development programmes in Pakistan. As a CSP Officer, he worked with the Government of Pakistan for 25 years, later on he served Geneva based Aga Khan Foundation for 12 years, then UNICEF and UNDP for 14 years. Since his retirement, he has been involved with the Rural Support Programmes (RSPs) of Pakistan full-time, on voluntary basis. Today, the Rural Support Programmes have helped form 297,000 community organisations in 110 districts including two Federally Administered Tribal Areas of Pakistan.
The Benazir Income Support Programme (BISP) is a federal unconditional cash transfer poverty reduction program in Pakistan. Launched in July 2008, it was the largest single social safety net program in the country with nearly Rs. 90 billion distributed to 5.4 million beneficiaries in 2016.
Balochistan Rural Support Programme (BRSP) was a project funded by the German technical cooperation agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in the early 1980s which was converted into the Balochistan Rural Support Programme in 1991. It is a Non Government Organization (NGO), part of the Rural Support Programmes Network, working in rural areas of Balochistan, Pakistan.
The Sarhad Rural Support Programme (SRSP) is the largest non-governmental organization working to alleviate poverty in North West Pakistan. It was established in 1989 with the aim of reducing poverty and ensuring sustainable means of livelihood in what is now Khyber Pakhtunkhwa, Pakistan. SRSP is part of the Rural Support Programmes (RSP's) initiated by United Nations Environment Programme Global 500 Award winner Shoaib Sultan Khan. It is now the largest regional RSP, with extensive outreach into communities. In recent years because of its vast outreach, SRSP has had to play a prominent role in disasters that have hit Khyber Pakhtunkhwa. As a result, humanitarian work along with development has become a core competency of the organization.
Prime Minister's Youth Programme is an initiative by the former prime minister of Pakistan Nawaz Sharif established in 2013. The purpose of the programme is to ensure the provision of quality education, and meaningful employment to the youth through integrated, sustainable youth initiatives. The programme provided government-subsidised business loans of up to 25 million rupees, under three tiers: first-tier for 10000 to 1 million, the second tier for 1 million to 10 million, and the third tier for 10 million to 25 million. The programme also provided a skills scholarship program, a talent hunt for youth sports, and a national youth council.
Deen Dayal Upadhyaya Antyodaya Yojana or DDUAY is one of the Government of India scheme for helping the poor by providing skill training. It replaces Aajeevik. The Government of India has provisioned ₹500 crore (US$60 million) for the scheme. The objective of the scheme is to train 0.5 million people in urban areas per annum from 2016. In rural areas the objective is to train 1 million people by 2017. Further, in urban areas, services like SHG promotion, training centres, vendors markets, and permanent shelters for homeless. The aim of the scheme is skill development of both rural and urban India as per requisite international standards.
The South Asia Partnership Pakistan (SAP-PK) is a registered with the Government of Pakistan and functions under the Societies Registration Act 1860. non-governmental organization working in Pakistan.
The concept of Targeted Poverty Alleviation was first raised by Xi Jinping, General Secretary of the Chinese Communist Party (CCP), to combat poverty in China.
Ehsaas Programme was a social safety net and poverty alleviation programme launched by the Government of Pakistan in 2019. Imran Khan, the then Prime Minister of Pakistan, called it a key initiative towards a welfare state that the Pakistan Tehreek-e-Insaf party had promised to the people of Pakistan in their election manifesto. It is aimed at uplifting the backward class, reducing inequality, investing in the masses, and lifting-off the lagging districts in the country.
Akhuwat Foundation, a nonprofit organization based in Pakistan, offers interest-free loans to individuals who lack access to formal financial services. Founded in 2003 by Dr. Muhammad Amjad Saqib, who serves as the executive director, Akhuwat operates its head office in Lahore and has expanded to over 1,500 cities in Pakistan.
References
- ↑ Amjad Zafar Khan (4 May 2020). "Immediate relief for Pakistan's pandemic-stricken poor". World Bank website. Retrieved 6 September 2020.
- 1 2 3 Pakistan Poverty Alleviation Fund wins award at GDIB moot Daily Times (newspaper), Published 29 April 2017, Retrieved 6 September 2020
- ↑ Rupees 122 billion allocated for poverty alleviation, The News International (newspaper), Published 5 June 2016, Retrieved 6 September 2020
