Irrawaddy-Dec 2

The combined effects of the COVID-19 pandemic and the military takeover have sent Myanmar into a downward spiral into poverty, according to the United Nations, with nearly half of the country’s more than 54 million people expected to be poor by early next year, at which time poverty in urban areas will have tripled since the crises began. In its latest report, the UNDP said the number of people living in poverty in Myanmar is likely to return to levels not seen since 2005, effectively erasing the benefits of the unprecedented economic growth seen in the period before COVID-19 emerged. The November report, “Impact of the Twin Crises on Human Welfare in Myanmar,” builds on the UN agency’s reports published earlier this year on the impacts on the country of COVID-19 and the coup, and another national survey with 1,200 respondents conducted from May to June on how households are being impacted. It insists that about 46 percent of the population in the country could be living below the national poverty line by early 2022, reconfirming the pessimistic scenario from the earlier report published in April this year. Read more at: https://www.irrawaddy.com/news/burma/coup-covid-to-impoverish-nearly-half-of-myanmar-people-by-early-2022-un.html