World Bank: Covid-19 pushed three million Tanzanians into poverty

livus, 2 months ago

Pretty sure the World Bank pushes people into poverty too.

livus, 2 months ago

From the article:

The report, which was released in Dar es Salaam on Tuesday, March 12, 2024, says Tanzania managed to sustain its economic growth recovery despite challenges such as the Covid-19 pandemic and external tensions, such as regional conflicts, which had minimal impact on poverty reduction efforts.

The World Bank's senior country economist, Mr Emmanuel Mungunasi, analyzed that the recent economic growth has been primarily benefitting modern sectors which have limited employment opportunities for individuals from impoverished households.

"The pandemic has exacerbated poverty in Tanzania, pushing an additional 3 million people into hardship. This underscores the critical need for adequate healthcare and a robust social protection system," stated Mr Mungunasi during the report's launch.

The findings underscore the urgency for policymakers to prioritize measures aimed at mitigating the adverse economic effects of the pandemic and ensuring that vulnerable populations receive the necessary support to alleviate poverty and foster inclusive growth.