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Home Business

Ending poverty means boosting resilience now

by CORRESPONDENT .
19/10/2017
in Business
3 min read
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This month the world marked two key international days: for the eradication of poverty on October 17 and for disaster reduction, four days earlier. It is no coincidence that they are profoundly connected.

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Reducing risks related to disasters has never been so urgent-and the Latin America and the Caribbean region bears witness to this. Seven hurricanes have hit the Caribbean in the past five months, two of them as category five, causing catastrophic damage, including in island nations that were barely recovering from another massive hurricane that struck one year ago.

poverty | The Nation Online

Also, two earthquakes rocked Mexico in September-with almost 5 000 aftershocks-while another powerful quake struck Ecuador in April 2016. In addition, both Colombia and Peru suffered major landslides in the past eight months.

The number of children, women and men killed is deeply saddening, especially in an era in which there is knowledge to minimise loss of lives due to natural events. Yet, the world keeps experiencing tragedies.

The fact is that natural disasters do not exist. Such phenomena become disasters when people, communities and societies are vulnerable to them. This, in turn, translates into losses-of lives and assets. And the poorest are the hardest hit.

On the one hand, poverty reduces people’s capacity to face and recover from disasters; on the other hand, disasters also hinder people’s ability to leave poverty behind.

That is why if the world is to end poverty in all its forms by 2030 there is need to boost resilience-in all its forms. This means the capacity to cope with shocks without major economic, social and environmental setbacks.

A disaster of natural causes, a financial crisis, an economic slowdown or a  healt problem in the family can all cause people to fall into poverty-especially those who barely managed to leave it behind, as one of the recent United Development Programme (UNDP) report shows; unless a ‘cushion’ is in place to help absorb the impact, such as social protection systems or physical assets.

In this particular moment, it is crucial to take special notice of what the Caribbean is experiencing. Two back-to-back hurricanes, Irma and Maria, were the most powerful ever recorded over the Atlantic. They forced-for the first time ever-the island of Barbuda to evacuate its entire population.

These colossal phenomena battered several Caribbean countries with deadly waves and maximum sustained winds of nearly 300 kilometres per hour for up to three full days. They decimated Barbuda, Dominica and Saint Maarten, also impacting some of the region´s disaster preparedness champions, like Cuba and the Dominican Republic.

What we have just witnessed is a game changer. And it will likely be the new norm. That is why there is need urgent action.

It is a fact. Climate change-and all natural hazards-hit small and developing States hard, even though these countries have not historically contributed to the problem.

Clearly, if countries do not reduce their vulnerabilities and strengthen their resilience-not only to natural disasters but also to any shock-there is no guarantee, let alone expand, progress in the social, economic and environmental realms.

Since the hurricanes hit people have been working on the ground in affected Caribbean countries supporting governments to build back better-with more resilient communities-so they are prepared for the next hurricane season only eight months ahead. This is essential: international cooperation and the private sector play a key role with investments in resilient infrastructure.

If Caribbean countries are to achieve the Sustainable Development Goals (SDGs) in 13 years they need urgent accessing to financing-including for climate change adaptation. However, the vast majority of Caribbean developing States are ranked as middle-income countries-with per capita income levels above the international financial eligibility benchmark-and are shunned from receiving financing for development.

In view of such urgent needs, Caribbean Human Development Report Multidimensional Progress: Human Resilience Beyond Income, launched a year ago, called for improved standards that take into account multiple indicators, or well-being measurements beyond income alone.

Now is the moment to act on climate change, support countries as they build back better and rethink traditional development ranking methods based on monetary aspects alone.

If the world has vowed to eradicate poverty by 2030 we need to invest in boosting communities’, countries’ and entire regions’ resilience in the social, economic and environmental fronts. Reducing vulnerabilities-in its multiple aspects-is a crucial path to leave no one behind—Ips

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