The international community has made significant strides towards lifting people out of poverty. However, inequality within and among nations continues to be a significant concern despite progress in and efforts at narrowing disparities of opportunity, income and power. Greater emphasis will need to be placed on reducing inequalities in income as well as those based on other factors. Source: UN.
Here are some facts and data:
In more than half of the 92 countries with comparable data during the period 2011–2016, the bottom 40 per cent of the population experienced a growth rate that was higher than the overall national average. However, the bottom 40 per cent received less than 25 per cent of the overall income or consumption.
Robust and sound financial systems are essential for supporting equal access to financial services. High loan asset impairment, measured by the ratio of non-performing loans to total loans for deposit takers, is a potential risk to the soundness of the banking system.
While countries in developing regions represent over 70 per cent of the membership of the General Assembly and World Trade Organization, which utilize a one member, one vote system, their voting share in other international organizations remains far below these levels.
Duty-free access continued to increase for least developed countries, small island developing States and developing regions at large.
With great technology comes great responsibility. EUTEC holds #UNSDG Goals as our mission and hopes together with our partners, supporters and advocates we can make a positive impact on current inequality issue on different fronts.
#UNSDG Goal 10: Reduce inequality within and among countries