According to forecasts, in 2021 the number of people below the poverty line could reach up to 12 million, a quarter of the population, and if the instability continues, it could increase to 25 million by next year. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. People scavenge for recyclable material at a rubbish dump in Nay Pyi Taw in this file photo. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Over 126,600 women (pregnant women and women with children under two years old) in Ayeyarwady Region and Shan State were enrolled in the program by late August 2020. The dual impacts of the pandemic and Myanmar's political crisis triggered by a military coup could result in nearly half the population, or as many as 25 million people, dropping into poverty by 2022, the United Nations Development Programme warns. Myanmar + 1 more To build human capital and foster peaceful communities the World Bank Group: To foster responsible private sector-led growth and inclusive economic opportunities the World Bank Group: To enhance climate and disaster resilience and sustainable natural resource and environmental management the World Bank Group: The Myanmar Partnership Multi-Donor Trust Fund (MDTF) was established in 2014 and represents a collaboration between the Government of Myanmar; Australian Government Department of Foreign Affairs and Trade (DFAT); UK Government Department for International Development of the United Kingdom (DFID); the Kingdom of Denmark; the Republic of Finland; and the World Bank Group represented by the International Finance Cooperation and the World Bank (IBRD/IDA). The NCDDP invested heavily in capacity building and facilitation support for community members who would take direct responsibility for identifying priority development needs and implementing solutions. Poverty rate drops But, according to a 2017 survey by the Myanmar's Central Statistical Organization (CSO), World Bank and United Nations Development Program (UNDP), the poverty rate of rural people in Myanmar stood high, especially those working in farms with no land owned. COVID, Military Coup Pushing Half of Myanmar Into Poverty, UN Reports Voice of America 30 Apr 2021 The political fallout from the military coup in Myanmar and the coronavirus pandemic threaten to push half of the country's population into poverty by next year, the United Nations warned Friday. SEATTLE — Of the 187 nations included in the U.N. Human Development Index, Myanmar ranks at 150. In April 2020, the World Bank approved a US$50 million loan for the Myanmar COVID-19 Emergency Response Project to help Myanmar fill a critical gap in its contingency plan to urgently increase hospital preparedness and surge capacity in order to reduce the spread of COVID-19, protect health workers, and treat patients. For the World Bank’s statement on recent developments in Myanmar, see here. The state counsellor said statistics show that the average poverty rate in the country is 20pc in rural areas and 9pc in urban areas. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions. In the worst-case scenario, nearly half of the population of Myanmar (48.2 per cent) will live in poverty (compared to the 24.8 per cent in 2017), reversing gains made since 2005, the report said. HCT in Myanmar; OCHA; Posted 27 Jan 2021 Originally published 27 Jan 2021. To mitigate longer-term economic effects, Myanmar will benefit from developing keener understandings of the social and economic impacts of COVID-19 on its firms and households. Half of Myanmar's population could be living in poverty next year, driven by the combination of the pandemic and the political crisis sparked by the military coup, the UN said Friday. The Inclusive Access and Quality Education (IAQE) project builds on and extends the geographic scope of the ongoing DFSP and takes a national and a focused approach, covering all states and regions and supporting programs to reach out to schools across the country, while placing greater emphasis on social inclusion and support to conflict-affected areas. Ethnic Karen flee to Thailand as poverty grows in Myanmar by leaps and bounds by Francis Khoo Thwe At least 8,000 people are set to cross the Salween River on the Thai border. The economic crisis triggered by COVID-19 and the Feb. 1 coup could plunge "up to 12 million people into poverty" in Myanmar, driving the poverty rate ... Myanmar during the first quarter of 2021… Unemployment refers to the share of the labor force that is without work but available for and seeking employment. The CERC was successfully activated on July 10, 2020. Please check your download folder. Published 1 May 2021 The Jakarta Post / ANN The dual impacts of the pandemic and Myanmar's political crisis triggered by a military coup could result in nearly half the population, or as many as 25 million people, dropping into poverty by 2022, the … Since its implementation, NEP has successfully provided access to electricity to 2.2 million people, half of whom female beneficiaries, in 10,000 villages in remote rural areas through 381,000 solar home systems. For the World Bank’s statement on recent developments in Myanmar, see here. The population growth rate is slowly decreasing, resulting in population growth to cease around 2054 and the population to start shrinking thereafter. The Myanmar Partnership’s MDTF program activities align with and compliment the World Bank Group’s major focus areas for Myanmar. According to current projections, Myanmar’s population will see its highest number in 2054 with 62.32 million people. One in 4 people in Myanmar still poor, report says. There is a two-way association: broadly shared economic opportunities are needed to reinforce durable peace, but progress is needed for peace and civil liberties to offer economic opportunities to all and maximize growth and shared prosperity in Myanmar. The description is … UNDP works in about 170 countries and territories, helping to achieve the eradication of poverty, and the reduction of inequalities and exclusion. Some states are more impoverished than others, and their poverty is exacerbated by high unemployment rates and a lack of high-paying jobs. 30 Apr 2021 02:07PM ... in Myanmar since the Feb 1 coup could drive the poverty rate up by a further 12 per cent by early next year. Poverty Data: Myanmar In Myanmar, 24.8% of the population lives below the national poverty line in 2017. In the first two years, the project did not operate in conflict areas, but now more than one-third of project areas are considered conflict-affected. Under the downside scenario, poverty rates would remain above their pre-crisis level until at least FY2022/23. Our support is centered around the cross-cutting theme of promoting social inclusion for all people, including in conflict-affected areas. supports building human capital in conflict affected areas through education, health, and nutrition interventions that facilitate cooperation between Ethnic Service Providers (ESPs), civil society organizations, and authorities of the self-administered areas and state governments. Under the baseline scenario, in which the domestic spread of the coronavirus is brought under control, the global economy swiftly recovers, and Myanmar’s GDP growth rate is projected to bounce back to 7.2 percent in FY2020/21, poverty rates would increase in the short term and will not return to pre-crisis levels FY2021/22. Myanmar is now in turmoil after the military staged a coup against the ruling National League for Democracy (NLD) and detained its leader, Aung San Suu Kyi, over unsubstantiated allegations of electoral fraud. “Without functioning democratic institutions, Myanmar faces a tragic and avoidable setback to levels of poverty never seen in a generation,” Steiner said. Myanmar + 1 more Myanmar, a least developed country, has made significant achievements in poverty reduction over the last decade. The project was financed with an US$80 million International Development Association (IDA) grant and additional financing of US$400 million through an IDA credit. HCT in Myanmar; OCHA; Posted 27 Jan 2021 Originally published 27 Jan 2021. “If the situation on the ground persists, the poverty rate could double by the beginning of 2022,” its February report said. While the poverty rate in Myanmar has declined, one in four people still survive on about K1500 a day, a report said. Building on the successful NCDDP, the Government of Myanmar requested the activation of the project’s Contingency Emergency Response Component (CERC) in May 2020 in response to the COVID-19 crisis. 28 Jan 2021. Prior to the COVID-19 pandemic, economic growth in Myanmar was projected to pick up to 6.3 percent in FY2019/20 and 6.4 percent in FY2020/21. Meanwhile, the report says a deteriorating security situation as well as threats to human rights and development in Myanmar since the Feb 1 coup could drive the poverty rate … Since 2013, IFC has invested and mobilized over US$1.4 billion in Myanmar to help create jobs. In 1992-1993 the rate was at 46 percent and dropped to 39 percent in 1997-1998 and 33.5 percent in 2002-2003.In 2007-2008 the poverty rate dropped to 27.6 percent, 23.3 percent in 2012-2013, and 18.3 percent in 2018-2019. April 30 (UPI) --Close to half of Myanmar's population could be living under the international poverty line of $1.10 a day, according to a report from a United Nations agency. This is the key finding of a new Poverty Report launched today by the Central Statistical Organisation (CSO), with technical support from UNDP and the World Bank. Climate change is another major challenge for the development of Myanmar. The impact of the pandemic alone would have raised Myanmar's poverty level from 24.8 per cent to 36.1 per cent, the UNDP estimated. The World Bank is committed to supporting both Rohingya refugees in Bangladesh and programs in Rakhine that will help all communities. A strong private sector is vital to ending extreme poverty and boosting shared prosperity. Much needed financial support in these difficult times for people in Myanmar is also provided under the Maternal and Child Cash Transfer Project. Economic growth in a baseline scenario is projected to drop from 6.8 percent in FY18/19 to just 0.5 percent in FY2019/20. Find out what the Bank Group's branches are doing in East Asia and Pacifc. Poverty headcount ratio at $5.50 a day is the percentage of the population living on less than $5.50 a day at 2011 international prices. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. If the pandemic is protracted, the economy could contract by as much as 2.5 percent in FY2019/20, with the expected recovery in 2020/21 subject to further downside risks. Poverty has declined over time, a result consistent with the results of the Part One report released in August 2017. The World Bank has been working with partners in support of reforms that will benefit all of the people of Myanmar, including the poor and vulnerable. Please check your download folder. The Myanmar Partnership MDTF seeks to implement Myanmar’s Sustainable Development Plan through enhanced coordination, World Bank Group technical assistance and government executed projects. Myanmar unemployment rate for 2019 was 1.58%, a 0.08% increase from 2018.; Myanmar unemployment rate for 2018 was 1.49%, a 0.06% decline from 2017.; Myanmar unemployment rate for 2017 was 1.55%, a 0.41% increase from 2016.; Myanmar unemployment rate for 2016 was 1.14%, a … Rural communities are receiving on-grid and off-grid electricity services as part of a National Electrification Plan. helps institutions, from the village to the national level, to coordinate better and respond more effectively and inclusively to the needs of everyone, especially the most vulnerable and disadvantaged groups. Read more. By the end of 2020, 83 percent of Myanmar’s households reported that their incomes had been, on average, almost halved due to the COVID-19 pandemic. We help countries to develop policies, leadership skills, partnering abilities, institutional capabilities and build resilience in order to sustain development results. Myanmar The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. This site uses cookies to optimize functionality and give you the best possible experience. According to the World Bank, Myanmar has 54.5 million people, which means more than 27 million could be hungry by 2022. About 30 percent of Myanmar’s population is still classified as poor, said State Counsellor Daw Aung San Suu Kyi during a stop on her trip to Mon State on Thursday. The Platform is based on high-frequency phone surveys with firm and household respondents and a community assessment, in addition to existing analytical products such as the World Bank Myanmar Economic Monitor, which twice a year examines economic developments and reforms. supports building the resilience of Myanmar to cope with natural disasters while ensuring that natural resources and the environment are managed sustainably for the benefit of existing and future generations. The beneficiaries have now received 6 months of cash payment, totaling MMK 90,000 (15,000MMK/$US11.50 per month). Under the baseline scenario, in which the domestic spread of the coronavirus is brought under control, the global economy swiftly recovers, and Myanmar’s GDP growth rate is projected to bounce back to 7.2 percent in FY2020/21, poverty rates would increase in the short term and will not return to pre-crisis levels FY2021/22. In a December report, the World Bank said it estimates Myanmar’s economy grew by 1.7 percent in the 2019-2020 fiscal year, a sharp slowdown from the 6.8-percent growth rate … This—coupled with widespread underdevelopment and weak service delivery—means that human capital is particularly limited in Myanmar. It also reported the pandemic's impact has resulted in an 11% increase in the number of people living below the poverty line, a rate it said could increase another 12% by early next year. Meanwhile, the report says a deteriorating security situation, as well as threats to human rights and development, in Myanmar since the Feb 1 coup could drive the poverty rate … Partnering with the Central Statistical Organization (CSO), the World Bank has established the Myanmar COVID-19 Monitoring Platform to provide accurate and timely economic data to inform and provide key insights to the Government of Myanmar, development partners and wider civil society. The poverty rate in Laos has continued to decrease signficantly. Increased openness and integration will result in higher growth, as labor reallocates to more productive sectors and trade drives innovation and productivity. The impact of the pandemic alone would have raised Myanmar's poverty level from 24.8% to 36.1%, the UNDP estimated. 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