Reducing internal inequalities
Supporting the least developed countries (LDCs)
A facility for research on inequalites
Even if inequalities between countries have declined in recent years due to poverty reduction in China and India, the gap has never been as great. Still today, there are huge disparities, especially in access to essential services, and inequalities within countries have increased over the past 20 years. 1% of the population holds half of global wealth.
The exacerbation of inequalities is not only a political and social issue, but constrains the economic development of countries. For example, it is estimated that OECD countries lost almost 5% of growth rates due to inequalities between 1985 and 2005.
AFD works to reduce inequalities: within countries, by helping the poorest and most vulnerable categories of population, including in middle-income countries, where significant pockets of poverty remain, and at international level, by supporting the least developed countries (LDCs).
In 2016, AFD committed EUR 1.6bn in LDCs and in 2017, set up a research team to understand the nature, causes, differences (gender, territorial, income inequalities...) and the consequences in each context and thereby lay the foundations for the future strategy.