How Do We Reverse Pandemic-Induced Poverty?

Ririn Salwa Purnamasari, Senior Economist, World Bank

08-Oct-21 07:45

How Do We Reverse Pandemic-Induced Poverty?

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The Covid-19 pandemic has inarguably set back efforts to eliminate poverty among Malaysian society. According to the Department of Statistics Malaysia, the pandemic raised the incidence of absolute poverty to 8.4% in 2020, compared to 5.6% in 2019. The government has reiterated its commitment to tackle poverty and income inequality under the 12th Malaysia Plan, with the aim of eradicating hardcore poverty by 2025. But does the 12MP provide a sufficiently clear roadmap towards that aim? We discuss this with World Bank economist Ririn Salwa Purnamasari.

Image Credit: Lens Hitam / Shutterstock.com

Produced by: Shazana Mokhtar

Presented by: Shazana Mokhtar, Khoo Hsu Chuang

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Categories: Business Analysis, Trends and Forecasts, Markets, Politics, Social Issues, Personal Finance, Investments, Financial Literacy, law & legal matters

Tags: Poverty, Malaysia, Covid-19, Pandemic, Income inequality, Government,

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