Risks to Poverty, Vulnerability, and Inequality from COVID-19 : Nepal Light Poverty Assessment

Nepal made significant progress on poverty and shared prosperity over the period 1996-2010, despite low domestic growth. With consistently high rates of vulnerability and exposure to a range of shocks, the risk of falling back into poverty has rema...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	CORONAVIRUS COVID-19 PANDEMIC IMPACT WELFARE IMPACT HOUSEHOLD WELFARE LABOR MARKET ECONOMIC SHOCK VULNERABILITY POVERTY INEQUALITY
Online Access:	http://documents.worldbank.org/curated/undefined/712891624283780459/Risks-to-Poverty-Vulnerability-and-Inequality-from-COVID-19-Nepal-Light-Poverty-Assessment http://hdl.handle.net/10986/36358

id	okr-10986-36358
recordtype	oai_dc
spelling	okr-10986-363582021-10-14T05:10:40Z Risks to Poverty, Vulnerability, and Inequality from COVID-19 : Nepal Light Poverty Assessment World Bank CORONAVIRUS COVID-19 PANDEMIC IMPACT WELFARE IMPACT HOUSEHOLD WELFARE LABOR MARKET ECONOMIC SHOCK VULNERABILITY POVERTY INEQUALITY Nepal made significant progress on poverty and shared prosperity over the period 1996-2010, despite low domestic growth. With consistently high rates of vulnerability and exposure to a range of shocks, the risk of falling back into poverty has remained an enduring feature of the welfare narrative in Nepal. The past decade, from 2010 to 2020, has been characterized by a series of economic shocks that took place against a background of a prolonged political transition towards federalism in Nepal. These shocks were also correlated with declines in economic growth. The Coronavirus (COVID-19) crisis, which started in March 2020, is the latest in the series of economic shocks over the last decade which has adversely affected Nepal’s economy and labor market; and it is likely to have had adverse welfare effects. However, the lack of data on welfare dynamics during this period has made it difficult to track the impacts of these shocks on households, workers and firms. This light poverty assessment is organized as follows: Section 1 describes the data challenges, and highlights the evolution of measures of non-monetary welfare, pre-COVID; section 2 provides an overview of the impacts of Coronavirus (COVID-19) in Nepal; and section 3 highlights the role of pre-existing vulnerabilities and structural issues in making the Coronavirus (COVID-19) crisis more costly to welfare in the short run, and in potentially deepening inequalities in the longer run. 2021-10-13T15:38:06Z 2021-10-13T15:38:06Z 2021-05-10 Report http://documents.worldbank.org/curated/undefined/712891624283780459/Risks-to-Poverty-Vulnerability-and-Inequality-from-COVID-19-Nepal-Light-Poverty-Assessment http://hdl.handle.net/10986/36358 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Poverty Assessment South Asia Nepal
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CORONAVIRUS COVID-19 PANDEMIC IMPACT WELFARE IMPACT HOUSEHOLD WELFARE LABOR MARKET ECONOMIC SHOCK VULNERABILITY POVERTY INEQUALITY
spellingShingle	CORONAVIRUS COVID-19 PANDEMIC IMPACT WELFARE IMPACT HOUSEHOLD WELFARE LABOR MARKET ECONOMIC SHOCK VULNERABILITY POVERTY INEQUALITY World Bank Risks to Poverty, Vulnerability, and Inequality from COVID-19 : Nepal Light Poverty Assessment
geographic_facet	South Asia Nepal
description	Nepal made significant progress on poverty and shared prosperity over the period 1996-2010, despite low domestic growth. With consistently high rates of vulnerability and exposure to a range of shocks, the risk of falling back into poverty has remained an enduring feature of the welfare narrative in Nepal. The past decade, from 2010 to 2020, has been characterized by a series of economic shocks that took place against a background of a prolonged political transition towards federalism in Nepal. These shocks were also correlated with declines in economic growth. The Coronavirus (COVID-19) crisis, which started in March 2020, is the latest in the series of economic shocks over the last decade which has adversely affected Nepal’s economy and labor market; and it is likely to have had adverse welfare effects. However, the lack of data on welfare dynamics during this period has made it difficult to track the impacts of these shocks on households, workers and firms. This light poverty assessment is organized as follows: Section 1 describes the data challenges, and highlights the evolution of measures of non-monetary welfare, pre-COVID; section 2 provides an overview of the impacts of Coronavirus (COVID-19) in Nepal; and section 3 highlights the role of pre-existing vulnerabilities and structural issues in making the Coronavirus (COVID-19) crisis more costly to welfare in the short run, and in potentially deepening inequalities in the longer run.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Risks to Poverty, Vulnerability, and Inequality from COVID-19 : Nepal Light Poverty Assessment
title_short	Risks to Poverty, Vulnerability, and Inequality from COVID-19 : Nepal Light Poverty Assessment
title_full	Risks to Poverty, Vulnerability, and Inequality from COVID-19 : Nepal Light Poverty Assessment
title_fullStr	Risks to Poverty, Vulnerability, and Inequality from COVID-19 : Nepal Light Poverty Assessment
title_full_unstemmed	Risks to Poverty, Vulnerability, and Inequality from COVID-19 : Nepal Light Poverty Assessment
title_sort	risks to poverty, vulnerability, and inequality from covid-19 : nepal light poverty assessment
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/undefined/712891624283780459/Risks-to-Poverty-Vulnerability-and-Inequality-from-COVID-19-Nepal-Light-Poverty-Assessment http://hdl.handle.net/10986/36358
_version_	1764485002291052544

Risks to Poverty, Vulnerability, and Inequality from COVID-19 : Nepal Light Poverty Assessment

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