Economic Development and Livelihoods
Asia has achieved remarkable economic progress in recent decades. Despite this, it is home to nearly half of the world’s poorest people, rendering poverty a key issue to be addressed.
In 2018, out of the 783 million extremely poor who lived below the poverty line of USD 1.9 a day, about 33% lived in South Asia and 9% lived in East Asia and the Pacific
In Asia and the Pacific, due to the socio-economic impact of COVID-19, an estimated over 75 million more people were pushed into extreme poverty in 2020.
When you’re that far behind, it’s hard to get ahead. Economic empowerment helps people break out of poverty and into their local markets. Whether they’re farmers or entrepreneurs, approaches like microfinance and savings groups help parents do more for their children. In time, it can lift an entire community.
World Vision is working to break the cycle of intergenerational poverty by 2030 so that the most vulnerable children can reach their full potential. Because of our community-focused solutions, for every child helped, four more children benefit, too. Our global reach and focus on livelihoods is already enabling families to create lasting change in their own lives.
World Vision implements its unique, integrated model of livelihood development as guided by evidence-based core projects models to improve and sustain the well-being of children — especially the most vulnerable.
Every 60 seconds... a family receives the tools to overcome poverty
Stories of Hope
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