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Following ten years of relatively robust economic growth, Kenya achieved lower-middle-income country status in 2014. The remarkable expansion of telecommunications and mobile financial services shifted Kenya's economic paradigm to an extent rarely seen in developing countries. Poverty rates...
Persistent link: https://www.econbiz.de/10012645933
Due to recurring shocks and resulting weak economic growth, Malawi has not experienced meaningful poverty reduction since 2004. In fact, poverty has been on the raise in rural areas. As poverty is mainly a rural phenomenon in Malawi and most of the poor engage in crop production, this report...
Persistent link: https://www.econbiz.de/10012646352
Mongolia made notable strides in reducing poverty from 2010 to 2014, but the pace of poverty reduction slowed significantly after the 2016 economic recession. The trend of declining inequality and inclusive growth seen in the first half of the decade changed course in the latter half. Greater...
Persistent link: https://www.econbiz.de/10013415255