Estimating the cost to end extreme poverty involves complex economic analysis and consideration of various factors, including the definition of extreme poverty, the target population, and the effectiveness of interventions. The World Bank defines extreme poverty as living on less than $1.90 a day. According to some estimates, ending extreme poverty would require significant investments in areas such as education, healthcare, infrastructure, and social protection programs. The United Nations and other organizations have proposed various strategies to achieve this goal, including increasing aid, improving economic opportunities, and enhancing social safety nets.
Key Takeaways
The cost to end extreme poverty is estimated to be in the hundreds of billions of dollars annually
Investments in education, healthcare, and infrastructure are crucial to achieving this goal
Effective strategies include increasing aid, improving economic opportunities, and enhancing social safety nets