Ways to eradicate poverty in Central Asia named (Exclusive) (PHOTO)

Ways to eradicate poverty in Central Asia named (Exclusive) (PHOTO)

Baku, Azerbaijan, Oct.19

By Nargiz Sadikhova - Trend:

Central Asia countries which have seen most overall economic growth have also seen the most poverty reduction, William Seitz, World Bank (WB) economist of the WB Regional office in Central Asia told Trend in an interview.

According to Seitz, each of the countries have their economic and policy strengths that have helped to drive poverty rates down.

"This may sound trivial but it is actually a crucial issue for all governments: pursuing sound policies that encourage sustainable economic growth is absolutely essential for lasting poverty reduction. Globally, it is quite rare to attain poverty reduction targets when a country does not also achieve long-term economic growth. In this, all of the Central Asian countries have had some success, but those that have seen the most overall economic growth have also seen the most poverty reduction," Seitz said.

He further added that rising employment income in Central Asia is usually the pivotal factor that pushes a household above the poverty line. Those countries that have done the most to encourage employment (for instance, by making it easy to start and operate businesses, and ensuring that workers have the skills they need to succeed) have been most successful in poverty reduction.

"Performance in the area of social assistance is mixed in the region. These programs are vital to the people who receive them, but many poor people in Central Asia still do not. In some cases, the value of benefits provided are also not enough to lift them out of poverty," he said.

Talking about ways to accelerate poverty reduction in Central Asia, Seitz noted that there is no "silver bullet" to eradicating poverty in Central Asia, but there are a few important policy decisions that would substantially help.

"One is to remove barriers that make it difficult to find a good job. For instance, urban areas, including both big and medium-sized cities, have much deeper labor markets and higher average wages. But for people looking to move to those places, housing is often unaffordable. This ends up excluding people from opportunity and making the region and each country less prosperous. Another example might be taxes on employees, which in some cases could be improved so as to limit any effects that discourage job creation," he said.

According to him, there are also restrictive propiska registration rules in some countries.

"For similar reasons to my earlier point about housing, these make it hard for people to move to places where there are more jobs available, which ends up limiting economic growth and incomes," Seitz highlighted.

He also noted that there are some groups of people who particularly struggle to find jobs.

"For instance, women and youth have much higher unemployment rates than other groups. Focusing on growing employment opportunities and supporting people who are looking for work but cannot find it would help reduce poverty. Social assistance that focuses on people who are living in poverty and helping them return to self-sufficiency is an another essential tool for policy makers," Seitz said.

Finally, he said, all of the countries in Central Asia need to invest in the education and health of people to ensure that they can reach their maximum potential.

---

Follow the author on twitter: @nargiz_sadikh

Subscribe to Trend in Google News! Subscribe
Georgia’s main oil exporters disclosed
Georgia’s main oil exporters disclosed
Georgia’s fuel prices remain relatively low
Georgia’s fuel prices remain relatively low
Georgia names main trading partners by export destinations in 2021
Georgia names main trading partners by export destinations in 2021
Loading Bars
Latest
Azerbaijan may toughen punishment for domestic violence
Azerbaijani Xalq Bank's profits increase
Azerbaijan names most profitable non-oil fields in terms of tax revenue growth
Kazakh oil and gas company to purchase variable speed drives
Кazakh Electricity Grid Operating Company opens tender to buy hydraulic press
Turkmenistan-Belarus trade turnover fell in 11M2021
Crime rate in Azerbaijani Armed Forces decreases - military prosecutor general
Size of consumer market in Azerbaijan increases - minister
Price indexes of financial, trade sectors at Uzbek stock exchange rise
Government focuses on subsidizing production rather than import – Azerbaijani Cabinet of Ministers
Azerbaijan is one of countries with best conditions for training - Australian gymnast
Azerbaijan's parliament discusses lifting of visa regime with Serbia
European Azerbaijan School hosts return of World Scholar's Cup to Baku (PHOTO)
Uzbekistan and Oman eye joint projects in transport sector
Schlumberger's profit jumps as higher oil prices spur drilling demand
Kazakhstan to strictly fulfill all investment obligations - President Tokayev
Global inflation crisis intensifying: what will Azerbaijan do?
Kazakhstan needs new tax policy - president
Georgia’s main oil exporters disclosed
Uzbekistan discloses level of assimilation of investment in fixed capital
Kazakhstan’s banking sector sees increase in total assets
Uzbekistan sees increase in volume of foreign trade turnover for 2021
Turkmenistan-Uzbekistan trade turnover increased in 2021
Iran eyes establishment of joint bank with China
Azerbaijan continues searching for servicemen gone missing during Karabakh war
UAE bourses end higher on financial, telecom boost
Kazakhstan's president orders to audit all local deposits
Turkmenhimiya opens tender to purchase chemical products
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,068 more COVID-19 cases, 551 recoveries
German health min sees possible tripling of COVID infections by mid-Feb
Kazakh government must develop new modern approaches to public-private partnership - president
Kazakhstan unveils its TOP-3 trade partners for 11M2021
Azerbaijan launches working group to prepare measures to combat inflation
Israel's defence chief isolates at home after positive COVID test
Former ambassador sentenced to 10 years in prison in Azerbaijan
Azerbaijani holding training session for reservists (PHOTO/VIDEO)
Rising influence of limited elite groups in Kazakhstan becomes serious security threat - Tokayev
Turkmen factory discloses construction materials production data
Azerbaijan enters new stage of strategic development - official
Georgia’s fuel prices remain relatively low
Kazakhstan to create secondary market for distressed asset purchase and sale
SOCAR Turkey eyes capacity expansion for STAR Refinery
Russia reports 49,513 daily COVID-19 cases, a new high since start of pandemic
SOCAR’s STAR Refinery expands its list of oil grades
Kazakhstan needs tough policy to demonopolize economy - president
Iran reduces electricity subsides for high consuming users
Azerbaijan unveils value added growth in non-oil industry in 2021
Georgia names main trading partners by export destinations in 2021
Azerbaijan discloses state budget expenditure growth in 2021
Turkmenistan-Turkey trade volume increased in 11M2021
Goals of Advisor to French President's Cabinet, EU Special Representative for S.Caucasus's visit to Azerbaijan named (Exclusive)
Azerbaijan-Armenia border demarcation is priority - Russian MFA
Greenhouse sector in Georgia may soon get needed backup from USAID, UNDP, ADB
Russia is consistently making efforts to resolve situation on Azerbaijan-Armenia border - MFA
Nar supports the biggest platform of Azerbaijani audiobook library
Kazakh National Bank to ensure balance of foreign exchange market until full restoration of confidence in tenge
SOCAR Turkey updates on Merkury project
Turkish officials visit Azerbaijan’s pavilion at Dubai Expo 2020 (PHOTO)
Intel plans $20 bln chip manufacturing site in Ohio - sources
Uzbek Central Bank shares data on volume of cash in circulation
Turkmen Health Ministry opens tender to purchase medical oxygen cylinders
Ukraine discloses volume of Azerbaijani investments in economy
Number of employment contracts increases in Azerbaijan - minister
Georgia sees increase in producer price index
India to help Sri Lanka with USD 2.4 billion to overcome financial crisis: Report
‘Mauritius prime example of India’s approach to development partnership’, says PM Modi
World Bank to launch co-op program with Uzbekistan for 2022-2026
Azerbaijan considers extending term of suspension of inspections in field of business
Turkmenistan is primary supplier of jet fuel to Georgia - Union of Oil Product Importers
Turkmenistan intends to supply electricity to third countries via Uzbekistan and Iran
SOCAR reveals volume of gas exports to Europe
Azerbaijan commissions new military facilities in liberated Kalbajar district (PHOTO/VIDEO)
Oil production up at Azerbaijan’s Bahar-Gum Deniz
Kazakhstan failed to create diversified economy – President Tokayev
Uzbekistan eyes implementing projects with Japan in leather and footwear industry
Bahar Energy shares data on well fund in Azerbaijan
Kazakh president calls on local business circles to jointly build new economic policy
Number of active oil wells in Azerbaijan’s Bahar-Gum Deniz block down
Georgia publishes COVID-19 data for January 21
Central Bank of Azerbaijan acts prudently to curb inflation - Gazprombank
Azerbaijani oil prices increase
Bahar Energy reveals figures for natural gas wells
Uzbekneftegaz JSC reveals volume of production planned for 2022
Kazakhstan reduces production of diesel fuel
Turkmenistan has great potential for green energy initiatives – USAID
Georgia, Azerbaijan discuss customs cooperation
USAID eager to partner with Turkmenistan on low carbon development
Only Azerbaijani citizens older 18 allowed to visit liberated lands - adviser to minister
Azerbaijani currency rates for January 21
Uzbekistan shares domestic COVID-19 data for January 20
Oil falls as U.S. inventory build prompts profit-taking
MFA of Kazakhstan issues statement on European Parliament resolution on situation in country
Japan approves Pfizer's COVID-19 vaccine for children aged 5-11
2022 can be called the year of investments in Karabakh - Country Managing Partner of PwC (Interview) (PHOTO/VIDEO)
16,284 more COVID-19 cases reported in Kazakhstan
China, Russia delay U.S. bid to sanction North Koreans at U.N.
Turkey confirms 71,843 daily COVID-19 cases
New vaccine passport rules in France to come into power from next week
U.S. FAA approves 78% of planes for low-visibility landings near 5G airports
All news