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     114  0 Kommentare BRAC UPGI Receives $60 Million as 2020 Audacious Project to Lift 21 Million People from Extreme Poverty by 2026

    Over the next six years, BRAC's Ultra-Poor Graduation Initiative will work with governments in countries with the greatest potential to scale BRAC's Graduation approach to help millions more people to lift themselves from extreme poverty.

    NEW YORK, June 19, 2020 /PRNewswire/ -- Today, BRAC, a Global South-led NGO that combats inequality and poverty around the world, was announced as one of this year's Audacious Project grantees. The Ultra-Poor Graduation Initiative (UPGI), an initiative of BRAC, will receive more than $60 million to apply toward its goal of helping another 21 million people lift themselves from extreme poverty by 2026.

    The Ultra-Poor Graduation Approach

    BRAC is the founder and largest scaled implementer of the Ultra-Poor Graduation approach (Graduation), having reached more than 2 million households in Bangladesh and developed and implemented adaptations of the approach in 14 countries covering a range of different contexts and vulnerabilities.

    "The need to combat extreme poverty and drive systemic change has never been more urgent," said Shameran Abed, Senior Director of BRAC Microfinance and Ultra-Poor Graduation programs.

    The announcement has come at a critical time when BRAC UPGI's services are needed more than ever. In the past few months, we have borne witness to unfathomable and unprecedented events around the world and in the United States; all which have worsened and shed a light on pre-existing, systemic inequalities that permeate our global society. The impact of COVID-19 and economic lockdowns to prevent further spread of the virus have created a humanitarian crisis of catastrophic proportion. The pandemic threatens to unravel decades of progress toward poverty alleviation. At the beginning of 2020, an estimated 700 million people lived in extreme poverty around the world. By the end of 2020, more than 70 million people could be forced to join them.

    "We must act swiftly and design programs that meet the increasing and evolving needs of those living in extreme poverty - programs that are comprehensive, adaptive, and immediate but for long-term needs - to build resilience and support sustainable recovery," said Abed.

    Our Audacious Project will support efforts to scale and implement BRAC's Graduation, a multifaceted intervention that helps the poorest escape extreme poverty and continue to improve their lives years after the program ends.

    Through training in life skills, finance, and business skills, along with consumption stipends, an asset transfer, and regular coaching and monitoring, BRAC's Graduation two-year program addresses participants' complex needs and helps them create sustainable livelihoods to lift themselves out of extreme poverty.

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    BRAC UPGI Receives $60 Million as 2020 Audacious Project to Lift 21 Million People from Extreme Poverty by 2026 Over the next six years, BRAC's Ultra-Poor Graduation Initiative will work with governments in countries with the greatest potential to scale BRAC's Graduation approach to help millions more people to lift themselves from extreme poverty. NEW …