Today, the GCNA, in collaboration with Professor Alberto Posso from UN Global Compact participant, RMIT University, released a paper entitled ‘Can government policies that drive strong economic outcomes for the private sector alleviate poverty?‘. The study focuses on the role that policies play in poverty reduction.
The paper discusses how the adoption of pro-growth policies tends to result in lower levels of poverty, especially through opportunities for job creation. In particular, the paper calls for policies that promote greater access to credit and the protection of minority investors in order to reduce such levels of poverty. It also highlights the symbiotic relationship between a number of the Sustainable Development Goals, thus emphasising the importance of integrating the SDGs into government policies.
In order to strengthen progress towards the SDGs and drive economic outcomes the alleviate poverty, the paper recommends that policies enable:
- Governments to facilitate access to small or micro loans,
- An improvement of monetisation of remote areas,
- Financial literacy programs to continue to be provided, particularly in less developed economies,
- The facilitation of data collection efforts on credit information, repayments as well as factors know to correlate with these outcomes, and
- The enforcement of clear property rights.