Impact of the twin crises on human welfare in Myanmar
Impact of the twin crises on human welfare in Myanmar
December 3, 2021
The report details the impact of the COVID-19 pandemic and February 2021 coup d’état in Myanmar. It builds on the report released by UNDP in early April this year titled "COVID-19, Coup d’état and poverty: Compounding negative shocks and their impact on human development in Myanmar". It also builds on the findings of a recent survey carried out from May-June 2021 and confirms that poverty headcount is likely to return to the levels not seen since 2005, effectively erasing the benefits of the pre-COVID-19 economic growth.
The report notes that a significant amount of money (4.5 percent of GDP) would be needed to bring those newly pushed into poverty back above the poverty line. It also finds that urban poverty is likely to increase threefold, which will have an impact on the overall security of urban areas. The number of people in poverty is likely to remain highest in the poorest states, though it is likely to increase by a higher margin in comparatively wealthier areas, such as Mandalay and Yangon.
This report is available in English and Myanmar language.