Publication: Halving Poverty in Russia by 2024: What Will It Take?
Loading...
Published
2018-09-01
ISSN
Date
2018-12-19
Author(s)
Editor(s)
Abstract
We identify the conditions in terms of economic growth and public transfers required to “…reduce poverty in the Russian Federation by one half by 2024” as stated in President Putin’s Decree of May 17th, 2018. The current poverty rate is 13.2 percent, and halving it would mean reducing the current rate to 6.6 percent by 2024. We estimate that average annual growth of 1.5 percent would bring down the poverty rate from 13.2 percent to only 10.7 percent by 2024. And even if Russia were to be able to catch up with the rest of the world, and grow at 3.2 percent annually, the poverty rate would fall to 8.1 percent – still below the stated goal of 6.6 percent. Consequently, to reach the Presidential target of 6.6 percent, we estimate that the annual required growth rate would need to surge to 4.4 percent.
Link to Data Set
Citation
“World Bank Group. 2018. Halving Poverty in Russia by 2024: What Will It Take?. © World Bank. http://hdl.handle.net/10986/31041 License: CC BY 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Bhutan Poverty Assessment 2014(World Bank, Washington, DC, 2014)This report identifies the key drivers of rapid poverty reduction in Bhutan over the recent years, explaining why some dzongkhags are stuck in poverty or reducing poverty is not significant while others prospered, and whether female headed households have a harder time reducing poverty. The exercise draws mainly on data from the two rounds of Bhutan Living Standards Survey (2007 and 2012) supplemented with focus group discussions carried out for the report in select dzongkhags. Bhutan's poverty reduction has been rapid, broad-based, and inclusive. Between 2007 and 2012, the percentage of consumption poor halved to 12 percent. Bhutan has nearly ended extreme poverty within the living memory of a generation extreme poverty touched a low of two percent in 2012. Broader multidimensional poverty indices, that include education and health outcomes besides standards of living, also indicate a steep decline in the percentage of deprived population by two-thirds, from about 25 percent to 12.7 percent. Growth in Bhutan helped the previously landless to escape poverty. Education appears to be the most important route by far to escape poverty. This report is a complement to the earlier Poverty Analysis Report 2012 which was prepared with the World Bank's technical support.Publication A Comparative Perspective on Poverty Reduction in Brazil, China and India(2009-10-01)Brazil, China and India have seen falling poverty in their reform periods, but to varying degrees and for different reasons. History left China with favorable initial conditions for rapid poverty reduction through market-led economic growth; at the outset of the reform process there were ample distortions to remove and relatively low inequality in access to the opportunities so created, though inequality has risen markedly since. By concentrating such opportunities in the hands of the better off, prior inequalities in various dimensions handicapped poverty reduction in both Brazil and India. Brazil's recent success in complementing market-oriented reforms with progressive social policies has helped it achieve more rapid poverty reduction than India, although Brazil has been less successful in terms of economic growth. In the wake of its steep rise in inequality, China might learn from Brazil's success with such policies. India needs to do more to assure that poor people are able to participate in both the country's growth process and its social policies; here there are lessons from both China and Brazil. All three countries have learned how important macroeconomic stability is to poverty reduction.Publication Attacking Brazil's Poverty : A Poverty Report with a Focus on Urban Poverty Reduction Policies, Volume 1. Summary Report(Washington, DC, 2001-03-31)The first central message of this report is that Brazil has over the last years achieved great progress in its social policies and indicators. The second central message is that poverty remains unacceptably high for a country with Brazil's average income levels. The worst remaining income poverty is mostly concentrated in the Northeast region, and in the smaller urban and rural areas. The third central message is that, with decisive action, Brazil can achieve ambitious targets for further improvements in social indicators, including the objective of reducing the rate of extreme income poverty by 50 percent by the year 2015. Poverty is a complex and multi-dimensional phenomenon. Recognizing the rich literature on poverty in Brazil, this report attempts a few specific contributions. First, it presents a new 1996 poverty profile with a breakdown by city size, incorporation of the imputed value of owned housing, and regional price deflators. Second, it provides analysis of the incidence of selected public social spending based on the 1996/7 "Pesquisa sobre Padroes da Vida (PPV)." Third, it selectively synthesizes other work on poverty in Brazil in order to present an overview of cross-sectoral comparisons of the effectiveness of policy interventions. Fourth, it provides suggestions and selective inputs for devloping a national poverty reduction strategy. The report updates a previous World Bank assessment (report no. 14323) and builds on earlier work on urban poverty strategy.Publication Geographic Inequity in a Decentralized Anti-Poverty Program : A Case Study of China(World Bank, Washington, DC, 2007-08)The central governments of many developing countries have chosen to decentralize their anti-poverty programs, in the expectation that local agents are better informed about local needs. The paper shows that this potential advantage of decentralized eligibility criteria can come at a large cost, to the extent that the induced geographic inequities undermine performance in reaching the income- poor nationally. These issues are studied empirically for (probably) the largest transfer-based poverty program in the world, namely China's Di Bao program, which aims to assure a minimum income through means-tested transfers. Poor municipalities are found to adopt systematically lower eligibility thresholds, reducing the program's ability to reach poor areas, and generating considerable horizontal inequity.Publication Land Reform, Rural Development, and Poverty in the Philippines : Revisiting the Agenda(Washington, DC, 2009-01)The goal of this report is to take stock of the existing evidence on the impact of the Comprehensive Agrarian Reform Program (CARP) on poverty, to examine the current challenges that an extension of CARP would face, and to suggest directions toward achieving progress on land reform given the financial and policy constraints faced by the program. The report starts by examining the nature and relevance of the challenges that an extension of the land reform program will face. It then addresses the role of land reform in rural development and poverty reduction. The impact of agrarian reform on land markets, access to credit and, more broadly, on the competitiveness of small farms is then examined, separating the case of rice and corn lands from that of sugarcane plantations, the latter taken as an important 'case-study' of the broader plantation sector. Implications for redesigning the program are then drawn, focusing in particular on the need to more closely involve important actors in the current process of rural development. The report finally considers the institutional changes that will be required.
Users also downloaded
Showing related downloaded files
Publication World Bank Annual Report 2024(Washington, DC: World Bank, 2024-10-25)This annual report, which covers the period from July 1, 2023, to June 30, 2024, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the respective bylaws of the two institutions. Ajay Banga, President of the World Bank Group and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.Publication Business Ready 2024(Washington, DC: World Bank, 2024-10-03)Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. It replaces and improves upon the Doing Business project. B-READY provides a comprehensive data set and description of the factors that strengthen the private sector, not only by advancing the interests of individual firms but also by elevating the interests of workers, consumers, potential new enterprises, and the natural environment. This 2024 report introduces a new analytical framework that benchmarks economies based on three pillars: Regulatory Framework, Public Services, and Operational Efficiency. The analysis centers on 10 topics essential for private sector development that correspond to various stages of the life cycle of a firm. The report also offers insights into three cross-cutting themes that are relevant for modern economies: digital adoption, environmental sustainability, and gender. B-READY draws on a robust data collection process that includes specially tailored expert questionnaires and firm-level surveys. The 2024 report, which covers 50 economies, serves as the first in a series that will expand in geographical coverage and refine its methodology over time, supporting reform advocacy, policy guidance, and further analysis and research.Publication Global Economic Prospects, January 2025(Washington, DC: World Bank, 2025-01-16)Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate that will be insufficient to foster sustained economic development—with the possibility of further headwinds from heightened policy uncertainty and adverse trade policy shifts, geopolitical tensions, persistent inflation, and climate-related natural disasters. Against this backdrop, emerging market and developing economies are set to enter the second quarter of the twenty-first century with per capita incomes on a trajectory that implies substantially slower catch-up toward advanced-economy living standards than they previously experienced. Without course corrections, most low-income countries are unlikely to graduate to middle-income status by the middle of the century. Policy action at both global and national levels is needed to foster a more favorable external environment, enhance macroeconomic stability, reduce structural constraints, address the effects of climate change, and thus accelerate long-term growth and development.Publication Global Economic Prospects, June 2025(Washington, DC: World Bank, 2025-06-10)The global economy is facing another substantial headwind, emanating largely from an increase in trade tensions and heightened global policy uncertainty. For emerging market and developing economies (EMDEs), the ability to boost job creation and reduce extreme poverty has declined. Key downside risks include a further escalation of trade barriers and continued policy uncertainty. These challenges are exacerbated by subdued foreign direct investment into EMDEs. Global cooperation is needed to restore a more stable international trade environment and scale up support for vulnerable countries grappling with conflict, debt burdens, and climate change. Domestic policy action is also critical to contain inflation risks and strengthen fiscal resilience. To accelerate job creation and long-term growth, structural reforms must focus on raising institutional quality, attracting private investment, and strengthening human capital and labor markets. Countries in fragile and conflict situations face daunting development challenges that will require tailored domestic policy reforms and well-coordinated multilateral support.Publication Digital Progress and Trends Report 2023(Washington, DC: World Bank, 2024-03-05)Digitalization is the transformational opportunity of our time. The digital sector has become a powerhouse of innovation, economic growth, and job creation. Value added in the IT services sector grew at 8 percent annually during 2000–22, nearly twice as fast as the global economy. Employment growth in IT services reached 7 percent annually, six times higher than total employment growth. The diffusion and adoption of digital technologies are just as critical as their invention. Digital uptake has accelerated since the COVID-19 pandemic, with 1.5 billion new internet users added from 2018 to 2022. The share of firms investing in digital solutions around the world has more than doubled from 2020 to 2022. Low-income countries, vulnerable populations, and small firms, however, have been falling behind, while transformative digital innovations such as artificial intelligence (AI) have been accelerating in higher-income countries. Although more than 90 percent of the population in high-income countries was online in 2022, only one in four people in low-income countries used the internet, and the speed of their connection was typically only a small fraction of that in wealthier countries. As businesses in technologically advanced countries integrate generative AI into their products and services, less than half of the businesses in many low- and middle-income countries have an internet connection. The growing digital divide is exacerbating the poverty and productivity gaps between richer and poorer economies. The Digital Progress and Trends Report series will track global digitalization progress and highlight policy trends, debates, and implications for low- and middle-income countries. The series adds to the global efforts to study the progress and trends of digitalization in two main ways: · By compiling, curating, and analyzing data from diverse sources to present a comprehensive picture of digitalization in low- and middle-income countries, including in-depth analyses on understudied topics. · By developing insights on policy opportunities, challenges, and debates and reflecting the perspectives of various stakeholders and the World Bank’s operational experiences. This report, the first in the series, aims to inform evidence-based policy making and motivate action among internal and external audiences and stakeholders. The report will bring global attention to high-performing countries that have valuable experience to share as well as to areas where efforts will need to be redoubled.