Tag:Poverty

Sri Lanka has successfully navigated its way out of the darkest days of sovereign default, rebuilding a foundation of stability. However, as the World Bank’s latest assessment makes clear, this recovery remains deeply uneven.

Sri Lanka is highly vulnerable to climate change impacts, with an estimated 19 million people expected to live in moderate or severe climate hotspots by 2050.

The report’s broader poverty measure underscores how deeply structural pressures are squeezing households. The poverty rate – nearly 28 per cent – has jumped significantly in just three years.

With just five years left to achieve the 2030 Sustainable Development Goals (SDGs), a new United Nations report has warned that the world is “alarmingly off-track” on gender equality, placing millions of women and girls at risk of being left behind.

According to the survey, 27.93 per cent of Bangladesh’s population now lives below the upper poverty line, a sharp rise from 18.7 per cent in 2022.

An overwhelming number of Sri Lankan households subsist on less than Rs. 1000 a day, or roughly Rs. 30,000 a month. These families are compelled to make impossible choices – often between food and education – leading many to defer or forgo early education for their children.

Case studies from Ethiopia, Mexico, and the Netherlands highlight how targeted actions, informed by robust governance and a focus on resilience, can catalyse broader progress.

This significant reduction has sparked concerns among stakeholders, as Islamic banks have traditionally played a vital role in addressing social challenges through initiatives funded by Shariah-compliant sources such as Zakat