The issue of poverty was exacerbated after 1990 when a devastating economic crisis halved the national income in just three years, which led to massive impoverishment. Halving the proportion of people living in poverty in 2015 compared to 1990 levels, as suggested by the Millennium Declaration, seems unrealistic. Thus, it would be a major achievement for Armenia to have, by 2015, a poverty level lower than that of 1990. Before independence, Armenia did not have widespread poverty, but rather lacked opportunities for creating a democratic society and integrating with the global community. The establishment of a democratic state, nevertheless, beared enormous social costs. By setting this target, Armenia has committed to fully mitigate these costs by 2015.
Nationalized MDG Targets and Indicators:
Target 1: By 2015 reduce the poverty level lower than the 1990 level.
Proportion of population below $4 per day
GDP per capita compared to the EU average
Family allowance budget expenditure to poverty gap (less family allowance aggregate) ratio
Income of the poorest quintile to the income of the richest quintile
Ratio of poverty level outside Yerevan to poverty level in Yerevan
Target 2: Halve, between 1990 and 2015, the proportion of people who suffer from hunger.
Prevalence of underweight children under five years of age
Proportion of population below minimum level of dietary energy consumption