Why All Countries Should Contribute to Ending Global Poverty
In 1969, richer countries agreed to commit 0.7% of their gross national income to international development aid. The world has changed since then, and a new era calls for a fresh approach to poverty eradication, involving a scaled financial commitment from all countries.
LONDON – Trillions of dollars have already been spent on the global response to the COVID-19 pandemic, and no one knows what the final bill will be. Is it possible to respond to a much longer crisis – global poverty – with even a fraction of these resources?