The issue of finance in poverty eradication and legal norms of United Nations: Challenges and way forward
By: Nitu, Kumari
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BookPublisher: South Asian Journal of Socio-Political Studies Description: 23(1), Jul-Dec, 2022: p.35-43.Subject(s): Eradiction of poverty, Financial contribution,l General assembly reticulation, Common but differentiated responsibility| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Indian Institute of Public Administration | 23(1), Jul-Dec, 2022: p.35-43 | Available | AR128357 |
The issue of finance and financial contribution for eradicating poverty has been raised in various forums. General Assembly in its resolutions related to poverty have also raised the issue of finance in curbing the menace of extreme poverty. This concern has been well researched by the Secretary General in its reports which came out with several recommendations in this regard. It recommends the GA to consider the establishment of the world solidarity fund for poverty eradication. The proposal got broader support from all relevant stake holders. Similarly, the reports also examined the role of ODA, micro finance and micro credit, generation of employment, legal empowerment and social protection as effective means to counter poverty in all its forms. The reports also stated that despite the progress made to reduce poverty everywhere, the progress is mixed and uneven. The relevant assertion of GA that poverty is multidimensional have stressed the need for integrated and sectoral strategies in areas of “education, development of human resources, health, human settlements, rural development, productive employment, population, environment, freshwater, food security and migration, and the specific needs of disadvantaged and vulnerable groups.” The very fact that these assertions have been reflected through the resolutions of GA even without vote shows that states have no objection in accepting that poverty indeed is a multidimensional problem. Such approach creates a normative halo around the resolutions. They act as torch bearers in absence of any concrete international mechanism to deal with the issue being debated. The paper will look into the matters of finance in detail and conclude with certain suggestions to deal with the issue.- Reproduced


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