Poorest segment of Armenians affected by economic crisis most
20.06.2016,
11:23
Speaking last Friday at the annual conference of the Armenian Economic Association, Laura Bailey, World Bank Country Manager for Armenia, said Armenia made progress in reducing the poverty rate over the past two years, adding, however, that a recent World Bank study shows that the economic crisis has most affected 40% of the poorest part of the population.
YEREVAN, June 20 /ARKA/.Speaking last Friday at the annual conference of the Armenian Economic Association, Laura Bailey, World Bank Country Manager for Armenia, said Armenia made progress in reducing the poverty rate over the past two years, adding, however, that a recent World Bank study shows that the economic crisis has most affected 40% of the poorest part of the population.
In her words, the study found that the poorest segment of Armenians live in the worst conditions and have limited access to services.
According to official numbers, poverty rate in Armenia in 2015 decreased by 2% from the previous year to 30%.
According to Ms. Bailey, 41% of Armenian citizens below the poverty line live in Yerevan and Kotayk region. According to the study, poor people tend to live in large families in small cities, which in Soviet times were one-enterprise towns.
"The study showed that the bulk of money is spent by poor families on consumer needs," said Ms. Bailey.
She also said that beginning next week the World Bank, together with the National Statistical Service of Armenia will commence work on drawing up Armenia’s "poverty maps", which will be posted on the World Bank’s website. --0---
In her words, the study found that the poorest segment of Armenians live in the worst conditions and have limited access to services.
According to official numbers, poverty rate in Armenia in 2015 decreased by 2% from the previous year to 30%.
According to Ms. Bailey, 41% of Armenian citizens below the poverty line live in Yerevan and Kotayk region. According to the study, poor people tend to live in large families in small cities, which in Soviet times were one-enterprise towns.
"The study showed that the bulk of money is spent by poor families on consumer needs," said Ms. Bailey.
She also said that beginning next week the World Bank, together with the National Statistical Service of Armenia will commence work on drawing up Armenia’s "poverty maps", which will be posted on the World Bank’s website. --0---
