Myanmar's poverty and food insecurity crisis: Support to agriculture and food assistance is urgently needed to preserve a foundation for recovery

Download or read book Myanmar's poverty and food insecurity crisis: Support to agriculture and food assistance is urgently needed to preserve a foundation for recovery written by Myanmar Agriculture Policy Support Activity (MAPSA) and published by Intl Food Policy Res Inst. This book was released on 2021-07-13 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: National poverty rates in Myanmar have risen dramatically due to economic disruption following the February 1, 2021 military take-over of government. Depending on assumptions about the scale of the economic impacts, household poverty rates are predicted to have risen to between 40 and 50 percent in 2021, compared to 32 percent in 2015 and just under 25 percent in 2017. Between 849,000 and 1.87 million new households are thus living in poverty in 2021 in addition to the estimated 2.86 million households already in poverty in 2015. The poverty impacts of these disruptions are significant not only in the sharp increases in the total number of households in poverty, but also in the substantial deepening of poverty for households that were already poor. By the end of the current financial year, the average poverty gap (expenditure shortfall) is predicted to have increased from 26 percent in 2015 to between 34 and 40 percent for individuals living in poor households.