ABC Breaking News

Income Inequality Forces Asia ,Pacific into Poverty

29 March 2017  New York (ABC Live): Income Inequality :Some 400 million people in Asia and the Pacific still confront poverty as part of their daily lives due to widening income inequality, despite the region’s impressive gains in reducing poverty in recent decades, a United Nations-backed report has found.

“As outlined in the report, a renewed strengthening of the social contract is critical for addressing multi-dimensional poverty and the high marginalization and exclusion of people,” the Executive Secretary of ESCAP, Shamshad Akhtar, told the Asia Pacific Forum on Sustainable Development (APFSD 2017), according to a press release from ESCAP.

Titled Eradicating Poverty and Promoting Prosperity in a Changing Asia-Pacific , the report notes that on top of the 400 million people, or one in 10, living in extreme poverty, more than one in four people in the region’s developing countries experience poverty in multiple dimensions, including additional deprivations that impact their health, education, and standard of living.

The report underscores the importance of addressing poverty through pro-poor urbanization, effective management of rural-urban transitions, and investment in sustainable infrastructure.

Although people in extreme income poverty are more likely to live in rural areas, they are increasingly found in cities, therefore provision of high quality, low-carbon, and resilient infrastructure is essential.

“Asia’s infrastructure needs are large and will only grow, with our recent report suggesting that the region will need $1.7 trillion annually in climate-resilient infrastructure investments,” said ADB’s Vice-President for Knowledge Management and Sustainable Development, Bambang Susantono.

“How our region chooses to bridge the infrastructure gap will have profound global implications. Concerted efforts, as highlighted in the tripartite report, can help us cover the last mile for infrastructure towards inclusive and sustainable development,” he added.

Also addressing the forum was Haoliang Xu, UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific.

“As urbanization booms across Asia and the Pacific, its cities are powering innovation, economic growth, and prosperity, lifting many out of poverty. But there has also been an increase in inequality and exclusion in some regions,” he said.

“To be more inclusive and to leave no one behind, cities must adopt innovative policies that align with the Sustainable Development Goals (SDGs), and prioritize building the resilience of the most vulnerable groups,” he added.

ESCAP, ADB, and UNDP also launched a new SDG Data Portal today to provide up to date data on SDG indicators for governments and stakeholders in Asia and the Pacific, along with an outlook assessment on SDGs in the region.

APFSD 2017 is being held by ESCAP in Bangkok from 29 to 31 March 2017. The conclusions and recommendations at the forum will inform discussions of the High-level Political Forum on Sustainable Development at the global level, to be convened in New York in July 2017.

About Jatinder Kaur

Jatinder Kaur, Editor-in- Chief, ABC Live, writies on Health and Social issues for ABC Live since 2006. She remained instrumental in shaping ABC News & Info Services, the parent company owning, the ABC Live and took charge of ABC Live as Editor-in- Chief in March, 2015 from Our founder Dinesh Singh Rawat.

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