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Is Financially Aiding Poor People The Best Solution For Poverty

Persons advocating for financial aid to the poor countries as a solution to their poverty argue that the financial aid that these poor countries receive help in boosting their economies. Economic development is actually the primary reason why such countries or poor people seek financial aid. Poor countries use the financial aid they receive from donors in boosting their investment climate such as promoting entrepreneurship and by providing direct support to trade. The poor countries also use the funds received in settling debts especially after they are strike by disasters. For example, farmers in Bhatinda in India were in deep debt after their lands became waterlogged, thus needed financial aid to support them and settle their debts. Moreover, the obtained financial aid can be used in investing in other areas, thus offering them more talents to build and develop their respective countries.Persons supporting the idea of financial aid to the poor states also argue that if proper measures are put in place, the aid allocated can provide substantially sustainable solutions to poverty. Working towards a sustainable future is the most effective way through which donors can end poverty in the poor states. Natural resources are diminishing at a rampant rate as the demands of the population continue to increase and as the gap of income continues to widen as well. Subsequently, sustainability is the only viable solution that can help in curbing the rising demands of the population that are satisfied using scarce and depleting resources.However, it is essential to note that the journey to a sustainable future should be done in a way that does not compromise the future generation’s needs. Thus, sustainable solutions must be done in a way that would get people out of poverty and at the same time protect the environment (Jones 39). Some of the aspects that should be considered while applying sustainable solutions to help the poor countries include providing access to agriculture technology that do not lead to climate change, and providing food and water.