Reversing the Tide: Reducing Poverty and Boosting Resilience in Zimbabwe

Files

Book (PDF) (13.45 MB)
Downloads: 418

TR Number

Date

2022-10-01

Journal Title

Journal ISSN

Volume Title

Publisher

World Bank

Abstract

Despite an improvement in human development indicators since 2010, the extreme poverty rate in Zimbabwe increased steadily in the 2010s, climbing from 23 percent in 2010/11 to 30 percent in 2017, 38 percent in 2019, and reaching a peak of 49 percent in 2020 soon after the onset of the COVID-19 pandemic. The Zimbabwe Poverty Assessment report, the first since 1996, explores how poverty and inequality have evolved in Zimbabwe in recent years, shedding light on the main forces shaping their progression. It identifies four main proximate causes of the increase in poverty: macroeconomic instability and inflation, natural shocks, slow spatial and structural transformation, and exogenous shocks such as the pandemic. Among the policy priorities for poverty reduction are improving agricultural productivity, increasing the resilience of smallholder farmers to climate change, carrying out reforms for structural transformation of the economy, planning organized urbanization, and strengthening the social assistance system to make it more shock responsive.

Description

Keywords

Poverty, Zimbabwe

Citation