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Essay / Essay on Poverty in Nepal - 981
Sri Lanka, at 92nd place, leads the region. However, there is reason to rejoice for Nepal. The share of Nepal's population living in multidimensional poverty fell to 44.2 percent in 2012 from 64.7 percent in 2010, according to the report prepared by the United Nations Development Program (UNDP). The main reasons for the reduction of multidimensional poverty are the increase in wage rate, remittances and government efforts to reduce poverty. Introduced into the HDR in 2010, the multidimensional poverty indicator includes factors such as poor people's experience of deprivation, 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. Nepal's income Gini coefficient in the latest report is 32.8. Two years ago it was 47.3. The 2013 HDR indicates that child labor is relatively widespread in Nepal, where more than a third of children aged 5 to 14 are economically vulnerable.