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She emphasized more on the agriculture sector "Reviving agriculture remains Kenya's main pathway to poverty reduction. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Kenya's PPP Act of 2013 requires every PPP project to be assessed for its impact on the government's balance sheets. Rate (%) National Poverty Line 17.1 36.1 2015 International Poverty Line 92.4 in Kenya shilling (2015) or US$1.90 (2011 PPP) per day per capita Lower Middle Income Class Poverty Line 155.7 in Kenya shilling (2015) or US$3.20 (2011 PPP) per day per capita Upper Middle Income Class Poverty Line (2014). poor, and improved poverty monitoring, so that the government can rapidly see which activities have the greatest impacts on improving the lives of the poor. Acknowledgements . Kenya's real GDP growth has averaged over 5% for the last decade. Africa Technical Until reference year 2008, the World Bank published new poverty estimates every three years, and between 2010 and 2013 we released new numbers every year (see here).From now on, we plan to publish estimates of global poverty for a new reference year every other year, coinciding with the publication of the biennial Poverty . The findings, interpretations, and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. II. As usual with World Bank estimates, poverty measures are adjusted to account for differences in price levels between countries. Equatorial Guinea - 76.80%. Education-Kenya-History. (2014) Depressive disorder DALYs, age-standardized rate. Equitable Growth, Finance and Institutions, The World Bank Group . ISBN -8213-1582-X 1. More than a third of the citizens still live below the poverty line (according to international standards) and social, economic and gender discrepancies still remain. Kenya poverty rate was at level of 37.1 % in 2015, down from 43.9 % in 2005. It includes data from the World Bank's microdata, finances and energy data platforms, as well as datasets from the open data catalog…. SIGI, 2012 In 2011, the national birth rate per 1,000 was 37.6 (World Bank, 2011), and the annual population growth rate was 2.67% (World bank, 2012) County Using reported macroeconomic data, estimates can be extended from 2017 to 2019. This level of poverty is approximately 10 times higher than Pakistan & Egypt. Representatives stated that although Kenya's GDP has been growing yearly, the pace has not been fast enough to eliminate poverty by the above stated year. Kenya's real GDP is estimated to have contracted by 0.3 percent in 2020 as the Dentistry personnel per 1,000 population. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: email@example.com. policies, ISSN 0259-210X) (World Bank discussion papers; 85. License : CC BY-4.0. 177,895 households in slums and other informal settlements across Kenya were connected to safe, reliable and affordable electricity in 2017, up from 5,000 in 2014. Kenya's unemployment rate was 2.98 percent in 2020. GDP growth (annual %) 5.4% 2019 -.3% 2020. has the lowest poverty rate, the largest ECDE-aged population, and the lowest enrolment rate of the four counties. This year's global poverty update from the World Bank is a minor one. Will the new Constitution do anything to make the situation . The World Bank remains committed to helping Kenya as it launches a new political administration that will have the challenging task of implementing a devolved form of government. country-specific ) poverty lines. In each of these periods, Kenya was comfortably ahead of the overall sub-Saharan growth rate. Kenya Economic Report, June 2013, No. On jobs, improving the business environment, the education system, and reforming dated labour laws will help.". Much of Kenya is rural land, which contributes to high rates of the population living in poverty. Country Director for Kenya. Despite improvements, the World Bank does not believe poverty will be eradicated in Kenya by 2030. IV. Poverty headcount ratio at national poverty lines (% of population) - Kenya. Aaron O'Neill. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. • Gross Secondary Enrollment. The corresponding value for itsincomegroupis 59 percent. On October 26, we learned that Kenya's rank in Transparency Interational's Corruption Perceptions Index dropped seven places since 2009. Distribution of welfare may always be a challenge to Kenya, because income inequality is a factor leading to social conflicts, violence, and crime, which aggravates social instability and poverty issues. Bank nonperforming loans to total gross loans (%) Account ownership at a financial institution or with a mobile-money-service provider, richest 60% (% of population ages 15+) Domestic credit provided by financial sector (% of GDP) In November 2020, in a Kenya economic update the World Bank noted that the pandemic pushed two million more Kenyans . The fresh statistics clarify the confusion on the income classifications which placed . This is a joint initiative of the World Bank Group and the PPP Unit Kenya. Bank nonperforming loans to total gross loans (%) Account ownership at a financial institution or with a mobile-money-service provider, richest 60% (% of population ages 15+) Domestic credit provided by financial sector (% of GDP) Kenya's literacy rate has increased by 11% since 2005. The report said 52% of Kenyans are at risk of falling into poverty if material reforms to eradicate the vice are not implemented. Series: World Bank discussion papers; no. The economic update, Policy Options to Advance the Big 4: Unleashing Kenya's Private Sector to Drive Inclusive Growth and Accelerate Poverty . Poverty headcount ratio at national poverty lines (% of population) 0 22 43.9. 2 3 Financial services Digital financial services . World Bank, Africa Region Cheikh, oumar Seydi . Chapter 2 describes Kenya's progress in reducing monetary poverty between 2005-2016 and 2015-2016. Subsistence farmers have a poverty gap of 22.94% and 25.19% based on the FEI and CBN Table 3.4: Poverty by sector of employment and main occupation Climate Smart Agriculture in Kenya. (2017) Depth of the food deficit in kilocalories per person per day. Notes: see Table 2. This comes against the back- 40% for households as part of its plan . Kenya now ranks 154 out of 178 countries—well below most of its EAC neighbors. Under the social pillar, Kenya is to achieve a reduction in poverty by between 3 and 9 percent from 46 per cent level of poverty as at 2006 (Republic of Kenya, 2008).The achievement of ERS and the Kenya Vision 2030 are also to World Bank, Global Poverty Working Group. 8 : Time to Shift Gears--Accelerating Growth and Poverty Reduction in the New Kenya World Bank (2013-06) The report has three main messages. NAIROBI, APRIL 11, 2018 - The proportion of Kenyans living on less than the international poverty line (US$1.90 per day in 2011 PPP) has declined from 46.8% in 2005/06 to 36.1% in 2015/16, according to the 17 th edition of the Kenya Economic Update. World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially recognized international sources.