Mongolia 2020 Poverty Report : A Decade of Progress and Stagnation in Poverty Reduction
Mongolia made notable strides in reducing poverty from 2010 to 2014, but the pace of poverty reduction slowed significantly after the 2016 economic recession. The trend of declining inequality and inclusive growth seen in the first half of the deca...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099300009112214272/P1744290156e5d04f0b2bd09439956741f6 http://hdl.handle.net/10986/38003 |
| Summary: | Mongolia made notable strides in
reducing poverty from 2010 to 2014, but the pace of poverty
reduction slowed significantly after the 2016 economic
recession. The trend of declining inequality and inclusive
growth seen in the first half of the decade changed course
in the latter half. Greater urbanization and narrowing
geographical disparities in poverty have meant that the poor
have become increasingly concentrated in urban centers,
especially Ulaanbaatar. Economic volatility and uncertainty
together with restrictions on face-to-face services may have
led to an increase in precautionary saving among households,
particularly during the Coronavirus disease 2019 (COVID-19)
pandemic. An additional issue related to the measurement of
consumption in 2020 specifically is the survey-to-survey
imputation approach that was used to estimate poverty and
the consumption distribution due to changes in the household
socio-economic survey (HSES) questionnaire. Finally, despite
significant increases, social transfers have had only modest
success in reducing poverty due to targeting inefficiencies.
The 2020 HSES shows that impacts to employment in 2020 were
not significant until the final quarter, with workers in
urban areas and in the service sector more likely to be
affected. While subsequent surveys will provide a clearer
picture of the longer-term impacts of the pandemic, signs of
potentially lasting and unequalizing effects have emerged
after 2020. |
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