Tag: poverty

NEWS

World Bank Set Goal To Reduce Extreme Poverty

The vagaries of COVID-19 present a massive challenge to the World Bank’s goal of reducing the global extreme poverty rate to three percent by 2030. The agency has lamented the setback the pandemic has caused to developing economies, wiping out much of the international community’s efforts. The World Bank has argued that the progress made in tackling poverty, with the […]

Jamaica

Jamaica’s Poverty Rate Fell By 40 Percent In 2018

Jamaica recorded a 40 percent drop in the poverty rate in 2018, the lowest in 10 years. This was disclosed by the Minister of Finance and the Public Service, Dr. Nigel Clarke, in Parliament recently. “In 2018, the poverty rate was 12.6 percent, a decline of 6.7 percentage points relative to 2017…. This is the lowest rate of poverty since […]

Jamaica

Ja. Gov’t Allocates $558.8 Million for Poverty-Reduction Program

The Government is to commence 17 infrastructure projects in targeted communities during the upcoming fiscal year under the Poverty Reduction Program IV. These include construction, expansion, and rehabilitation of police stations, schools, health, and community centers. A sum of $558.8 million has been provided in the 2019/20 Estimates of Expenditure, now before the House of Representatives, for the undertaking. Being […]