Why IMF and World Bank are wrong on poverty: The devil is in the data, By ‘Tope Fasua
How could the increased liquidity at state and local government levels, and the increasing empowerment of local governments designed to shift financial and political power closer to the people not count in reducing poverty in Nigeria? How could IMF/World Bank reports of more capital spending at the subnational level not count in reducing Multidimensional Poverty […] The post Why IMF and World Bank are wrong on poverty: The devil is in the data, By ‘Tope Fasua appeared first o
A recent analysis suggests that the International Monetary Fund (IMF) and World Bank may be misinterpreting poverty reduction data in Nigeria. The author questions how increased financial liquidity and empowerment at state and local government levels, intended to bring power closer to the people, are not being factored into poverty reduction assessments. Reports indicating higher capital spending at subnational levels also appear to be overlooked in multidimensional poverty analyses.
Accurate poverty data is crucial for effective policy-making and resource allocation to genuinely address the needs of vulnerable populations.
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