Lesotho Poverty Assessment : Progress and Challenges in Reducing Poverty
This report examines progress and challenges in reducing poverty in Lesotho. Lesotho's poverty rate is lower today than it was 15 years ago. However, with a poverty rate of 49.7 percent in 2017, poverty remains widespread. Economic vulnerabili...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/387071576240590486/Lesotho-Poverty-Assessment-Progress-and-Challenges-in-Reducing-Poverty http://hdl.handle.net/10986/33030 |
| Summary: | This report examines progress and
challenges in reducing poverty in Lesotho. Lesotho's
poverty rate is lower today than it was 15 years ago.
However, with a poverty rate of 49.7 percent in 2017,
poverty remains widespread. Economic vulnerability is high,
with more than 75 percent of the population either poor or
vulnerable to poverty. This suggests that most of the
population lack economic opportunities and are deprived on
multiple fronts. Urban areas experienced greater poverty
reduction due to improvements in education and increases in
incomes from well-paying jobs, largely in the services
sector. In rural areas, poverty stagnated due to slow growth
in agricultural incomes, a fall in remittances and
vulnerability of the rural population to weather shocks.
Despite the growing urban-rural poverty divide, inequality
fell as a result of expansion of social protection and an
increase in wage incomes among the poor. In spite of this,
Lesotho remains one of the 20 percent most unequal countries
in the world. A combination of policies that improve human
capital, promote job creation and address high unemployment,
increase agricultural productivity, together with those that
build resilience against economic and environmental shocks,
would boost shared prosperity and accelerate poverty
reduction in Lesotho. |
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