Protecting the Poor During the Global Crisis : 2009 Bosnia and Herzegovina Poverty update
Section one provides a brief background on the recent macroeconomic developments, starting with the immediate positive past, the growth payoffs in terms of poverty reduction and concluding with a description of persistent and emerging vulnerabiliti...
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| Format: | Poverty Assessment |
| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20091215230737 http://hdl.handle.net/10986/3148 |
| Summary: | Section one provides a brief background
on the recent macroeconomic developments, starting with the
immediate positive past, the growth payoffs in terms of
poverty reduction and concluding with a description of
persistent and emerging vulnerabilities. Section two
continues with the story of the growth payoff by outlining
the distribution and profile of the poor, noting in
particular the correlation between space, skills and welfare
outcomes. The focus on these specific areas is deliberate
since they take on special significance in the Bosnia and
Herzegovina (BiH) context. Section three takes note of the
present global crisis, which has introduced huge
uncertainties in BiH. Specifically, it looks in detail at
the channels through which the on-going economic crisis will
be felt in Bosnia. It also forecasts the welfare losses,
measured in terms of poverty and economic stress, measured
by levels of indebtedness. Section four builds on the
message of section three, which is that to protect the
population from a severe downturn and to minimize erosion of
the recent gains, an effective social protection system is
called for. After reviewing the existing income support
programs, the section then proposes new tools for improving
the current system, paying particular attention to the
targeting mechanisms. Finally, section five draws policy
recommendations based on the evidence in the report. In
particular, it calls for the improvement of safety nets in
the short run and for addressing distortions such as slow
structural reforms and lack of a common economic space in
the long run. |
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