World Bank tips Kenya on how to drive inclusive growth and tackle poverty
According to the World Bank, the secret lies in adopting an inclusive growth strategy that not only enhances economic opportunities and productivity for the poorest but also remains steadfast in pursuing long-term developmental objectives. This vision is captured in the latest World Bank report titled ” Kenya Poverty and Equity Assessment 2023– From…
•The World Bank recommends three broad policy pathways to achieve inclusive growth and fight poverty.
•These include connecting the poor to economic growth and strengthening households’ resilience to adverse weather shocks.
•The lender also advocates leveraging fiscal policy programs to support poverty reduction objectives.
Kenya’s economic growth holds the promise of lifting millions out of poverty, even amid challenging economic conditions. According to the World Bank, the secret lies in adopting an inclusive growth strategy that not only enhances economic opportunities and productivity for the poorest but also remains steadfast in pursuing long-term developmental objectives.
This vision is captured in the latest World Bank report titled “Kenya Poverty and Equity Assessment (KPEA) 2023 – From Poverty to Prosperity: Making Growth More Inclusive,” which focuses on the years from 2005 to 2021.
The report underscores that while Kenya has made strides in reducing poverty and improving living standards, the …
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