Marta Schoch (@marta_schoch) header
Marta Schoch (@marta_schoch) profile picture

Working on poverty and inequality @WorldBank. PhD, @SussexUni. Interested in Political Economy, Inequality, Migration and Development. Views are my own.

Washington, DC
Joined September 2016
Engaging conversation today during the @WorldBank’s #Africa Inspirational Breakfast Series, where we presented the @WBG_Poverty Poverty and Shared Prosperity Report. Ending #poverty will require increased efforts in Sub-Saharan Africa, where 60% of the global extreme poor live.
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There is a clear crisis in development — poverty is going up & median incomes are going down. Read my foreword from the @WorldBank’s new 2022 Poverty & Shared Prosperity Report (PSPR) here: wrld.bg/rfOR50L2kiQ
Today the @WorldBank published its latest Poverty and Shared Prosperity Report. The global goal of ending extreme poverty by 2030 is likely to be missed: by then, about 600 million people will remain in abject poverty. A major course correction is needed. worldbank.org/en/publication…
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What happened to global inequality in 2020? In a just-released paper (documents.worldbank.org/en/p…) with Daniel G. Mahler, @ChristophLakner, and I look at what happened to global inequality and poverty due to the COVID pandemic in 2020. Three things to note:
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Marta Schoch retweeted
The Covid-19 pandemic and Russia’s invasion of Ukraine have reversed three decades of progress in reducing poverty, according to the World Bank trib.al/OnWuqta
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New GLOBAL POVERTY projections from the World Bank are officially out today: - 9.3% global poverty in 2020, up from 8.4% in 2019, meaning 70m new poor. - Poverty reduction likely stalling again in 2022. openknowledge.worldbank.org/… 1/
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NEW! Poverty and Shared Prosperity 2022 offers the first comprehensive look at the global landscape of poverty in the aftermath of #COVID19 and the war in Ukraine and shows the potential of fiscal policy reforms in giving inclusive growth a hand: wrld.bg/4eE150L2bxQ #PSPR
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Today the @WorldBank published its latest Poverty and Shared Prosperity Report. The global goal of ending extreme poverty by 2030 is likely to be missed: by then, about 600 million people will remain in abject poverty. A major course correction is needed. worldbank.org/en/publication…
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Politics matters - but good sense of what is going on as well. Not least in Nigeria where poverty is high but hard to ascertain trends. I like this attempt, finding poverty is sticky, inversely following of oil prices, so up since 2016. blogs.worldbank.org/developm… @jonathanwlain
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Within Nigeria, the distribution of monetary and multidimensional poverty is spatially unequal, so poverty reduction strategies need to be carefully targeted. blogs.worldbank.org/opendata… via @worldbank Great work by @jonathanwlain&@TaraVishwanath
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Conflict, climate shocks, and COVID-19 need to be carefully considered to successfully reduce poverty in Nigeria, mirroring similar challenges to global poverty reduction in the coming decade. worldbank.org/en/publication…
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Marta Schoch retweeted
Messaggio di fine anno del Presidente della Repubblica Sergio #Mattarella: youtu.be/9RyO6XoUQb8
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Half of the countries in Sub-Saharan Africa have poverty rates higher than 35%. blogs.worldbank.org/opendata… via @worldbank @worldbankdata @WBG_Poverty
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Last blog for this year, looking in more detail at poverty in Sub-Saharan Africa and following last week's post analyzing regional trends: blogs.worldbank.org/opendata…
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Countries with the largest number of poor in the region: Nigeria (79 million), the Democratic Republic of Congo (60 million), Tanzania (28 million), Ethiopia (26 million), and Madagascar (20 million). With Nigeria accounting for 20% of the poor.