Topic > Essay on Poverty in Nepal - 981

Sri Lanka, ranked 92nd, leads the region. However, there is something to cheer about Nepal. According to the report prepared by the United Nations Development Program (UNDP), the percentage of Nepalese population living in multidimensional poverty fell to 44.2% in 2012 from 64.7% in 2010. The main reasons for the reduction in multidimensional poverty are increased wages, remittances and government efforts to reduce poverty. Introduced into the HDR in 2010, the multidimensional poverty indicator consists of factors such as the experience of deprivation of the poor, including poor health, lack of education, inadequate standard of living, lack of income, powerlessness and poor quality of work. The report shows that there has also been some improvement in the Gini coefficient of income. The Gini coefficient of Nepal's income in the latest report is 32.8. It was 47.3 two years ago. The 2013 HDR states that child labor is relatively high in Nepal, where more than a third of children aged 5 to 14 are economically disadvantaged.