Economic insecurity is a threat to achieving Sustainable Development Goals and carries considerable personal and social costs. Poverty breeds insecurity and widespread insecurity makes it harder to eradicate poverty and hunger.
The African and Middle-East Economic Sustainability Alliance is an Intergovernmental Foundation with world headquarters in New York established to provide a coherent set of policies that consolidate all forms of labor security and a holistic approach to poverty alleviation in African and Middle East Countries.
It was formed to build a strategic alliance in Africa and the Middle East to eradicate poverty and implement economic security considering a wide range of policies that improves the possibilities for providing greater levels of economic security in Africa and the Middle East.
Scholars have argued that there has been an upward trend in the frequency and severity of economic shocks during the recent period of globalization (since 1980), as well as a coincidental growth in the number of natural disasters affecting very large numbers of people.
It is a truism that economic insecurity affects people’s productivity as well as their ability to invest in their children’s education and health. Indeed being insecure has resonance in people’s attitudes, which at times can be detrimental to their ideas of a decent society.
The Foundation proposes a novel approach, evaluating them on the basis that they should offer a strong prospect of reducing the economic insecurity in the Countries of Africa and the Middle East.
The African and Middle East Economic Sustainability was formed for the following purpose: