Inflation is a daily reality for many of the families CFCA serves. Despite these and other economic challenges, we remain committed to helping families find long-term, sustainable solutions to poverty.
The following post has been adapted from an article written by Janet Tinsley, CFCA project director.
By now, we are all familiar with the nearly constant news about economic crises around the world:
- a stock market crash sends economic shock waves across the globe
- a civil war impedes the distribution of oil and drives up transportation costs
- severe drought conditions cut off peopleís access to adequate food supplies and means of income, etc.
All people worldwide are affected in some way by fluctuations in the global economy.
Since 2006, the worldwide purchasing power of sponsorship contributions ñ $30 a month ñ has decreased 5 percent, and in some countries where we work it has fallen more than 20 percent.
We hear from projects all the time about rising prices, inflation and economic crises in the countries where we work.
Meanwhile, we often hear from sponsors about how difficult it is for them to meet their monthly contribution in the midst of rising prices, inflation and economic crises in their own country.
What does this mean for project teams struggling to provide quality benefits and services for sponsored friends? Read our answer