Debt Cancellation is the amount of Debt that has to be taken out from the country so that the country can divert its resources to some meaningful projects. Financial Aide is also the powerful solution to eradicate the poverty as it assists to cover up the deficiency of some meaningful resources.Countries with heavy debt burden can not be able to meet their financial obligation towards the development of the country because of the deficiency of resources. Financial Aide will provide a support to those countries that lack resources for the development of the country. Effective and Efficient Planning will provide the way to utilize the resources in effective and efficient manner towards the development of the country. Poverty is the result of scarce resources as the demand of the resources increases and its supply becomes limited. In order to increase the supply we must have to increase the available resources.


Eradication of Poverty by Debt Cancellation and Financial AideFinancial aid is required to fill the gap between the available resources and resources required.Due to Debt, the country can’t be able to utilize its resources completely. The government can`t be able to utilize it’s full resources and as a result the country can come into financial and economical crises.Problem of POVERTY arises when the country is in short of resources for the development. The greater percent of peoples are lacking from the basic needs of life. Literacy rate comes down because people force their great struggle to get the basic needs of life. Skilled manpower will be lacking in the market. Poverty is basically the indicator where the hampering of economy of the country starts.As per subject mentioned that financial aide and debt cancellation can eradicate the poverty so, Financial Aide and debt cancellation are utilized to kick the country to drive and increase it’s resources so that Poverty can be curbed and reduced.The most important thing is that the Financial Aide and Debt Cancellation can help the country to at least give a initial start to reduced its Poverty Level BUT The resources should be utilized effectively and efficiently so that the objective of minimizing poverty can be worked out. The resources should not be misused or lost due to some reasons. There should be proper control and planning for the utilization of resources in an efficient manner.Efficient Utilization of Resources
Funds should be utilized for the enterprise development.
Funds should be invested for educational projects so that literacy rate can be improved.
Funds should be utilized for the infra structural development. CONCLUSION:Debt Cancellation and Financial aide can reduce the poverty level but there must be effective and efficient utilization of funds.