Improving education can help people develop skills and abilities that can reduce risk and vulnerability. According to UNESCO, if all adults completed secondary education, the global poverty rate could be cut by more than half.
Promoting economic growth can increase wages and create more job opportunities for the poor. Studies show that a 10% increase in a country's average income can reduce poverty by 20–30%.
Strong social protection systems can help prevent people from falling into poverty.
Employment
- Regular employment can provide people with an essential source of income and help them move up the economic ladder.
- Regular employment can provide people with an essential source of income and help them move up the economic ladder.
- Microfinance
- Microfinance programs can help people establish savings, loans, insurance, and cash transfer services.
- Microfinance programs can help people establish savings, loans, insurance, and cash transfer services.
- The government budget, including the country's poverty reduction strategies, must be financed in a sustainable, noninflationary manner.
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