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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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	POVERTY REDUCTION POVERTY ASSESSMENT INEQUALITY EDUCATIONAL ATTAINMENT VULNERABILITY HUMAN CAPITAL LABOR MARKET SOCIAL PROTECTION
Online Access:	http://documents.worldbank.org/curated/en/387071576240590486/Lesotho-Poverty-Assessment-Progress-and-Challenges-in-Reducing-Poverty http://hdl.handle.net/10986/33030

id	okr-10986-33030
recordtype	oai_dc
spelling	okr-10986-330302021-05-25T09:30:47Z Lesotho Poverty Assessment : Progress and Challenges in Reducing Poverty World Bank POVERTY REDUCTION POVERTY ASSESSMENT INEQUALITY EDUCATIONAL ATTAINMENT VULNERABILITY HUMAN CAPITAL LABOR MARKET SOCIAL PROTECTION 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. 2019-12-17T16:24:25Z 2019-12-17T16:24:25Z 2019-12-13 Report http://documents.worldbank.org/curated/en/387071576240590486/Lesotho-Poverty-Assessment-Progress-and-Challenges-in-Reducing-Poverty http://hdl.handle.net/10986/33030 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 Africa Lesotho
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	POVERTY REDUCTION POVERTY ASSESSMENT INEQUALITY EDUCATIONAL ATTAINMENT VULNERABILITY HUMAN CAPITAL LABOR MARKET SOCIAL PROTECTION
spellingShingle	POVERTY REDUCTION POVERTY ASSESSMENT INEQUALITY EDUCATIONAL ATTAINMENT VULNERABILITY HUMAN CAPITAL LABOR MARKET SOCIAL PROTECTION World Bank Lesotho Poverty Assessment : Progress and Challenges in Reducing Poverty
geographic_facet	Africa Lesotho
description	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.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Lesotho Poverty Assessment : Progress and Challenges in Reducing Poverty
title_short	Lesotho Poverty Assessment : Progress and Challenges in Reducing Poverty
title_full	Lesotho Poverty Assessment : Progress and Challenges in Reducing Poverty
title_fullStr	Lesotho Poverty Assessment : Progress and Challenges in Reducing Poverty
title_full_unstemmed	Lesotho Poverty Assessment : Progress and Challenges in Reducing Poverty
title_sort	lesotho poverty assessment : progress and challenges in reducing poverty
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/387071576240590486/Lesotho-Poverty-Assessment-Progress-and-Challenges-in-Reducing-Poverty http://hdl.handle.net/10986/33030
_version_	1764477843440402432

Lesotho Poverty Assessment : Progress and Challenges in Reducing Poverty

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