Less-developed countries don’t tackle financial issues by receiving money from richer ones; developed nations should aid them by means of others. From my perspective, money can eradicate poverty if it is invested in education and agriculture.
Money can solve the problem of poverty when rich countries put money into the education systems of poor nations. Allowances are used to build education institutions and provide tuition fees for poor students so residents can access universal education. The population being more educated leads to an improved workforce for those nations. High-quality workers have a vital role in contributing to enhancing the economy. For instance, Angola succeeded in using allowances from the USA to pour money into building public and private schools and raising its citizens’s living standards.
Government can eliminate the poverty of nations having tight finances when they invest into agriculture. Money can be used to improve impoverished soil or enhance irrigation system or buy various seeds, these will help increase agricultural yield. Having a large number of provisions, residents will get enough food to eat and clean water to drink. In the case that harvests are good, inhabitants even can export the producer surplus to other countries, hence , citizens create earn more money for individuals as well as fax earning for government. For instance, Nigeria’s residents used allowance of The World Bank to buy wheat seeds, potato and corn, after that it helps them drop the happen of starvations.