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Poverty and Welfare Impacts of COVID-19 and Mitigation Policies in Georgia (English)

This note summarizes the results of simulations of the poverty and welfare impacts of the COVID-19 pandemic in Georgia, undertaken by the Poverty and Equity team of the World Bank (WB). First, the poverty and distributional effects are estimated using a microsimulation model of household income shocks. Next, selected mitigation measures implemented by the Government of Georgia (GoG) are simulated to assess their effectiveness to improve household welfare and to prevent impoverishment from the economic impacts of COVID-19. Lastly, simulations based on short- and medium-term macroeconomic projections are reported.

Details

  • Document Date

    2020/12/04

  • Document Type

    Brief

  • Report Number

    155108

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Georgia,

  • Region

    Europe and Central Asia,

  • Disclosure Date

    2020/12/16

  • Disclosure Status

    Disclosed

  • Doc Name

    Poverty and Welfare Impacts of COVID-19 and Mitigation Policies in Georgia

  • Keywords

    Poverty and Equity; public-private partnership; mitigation measure; population living in extreme poverty; national poverty line; pension and social assistance; impact on poverty reduction; geographic distribution of poverty; population living in poverty; Poverty & Inequality; macroeconomic projection; headcount poverty rate; international poverty line; household and individual; national poverty rate; extreme poverty line; information and communication; children and youth; international poverty threshold; direct government spending; low poverty rate; human capital accumulation; measurement of poverty; Social Safety Nets; real growth rate; negative income shock; increase in inequality; private consumption growth; households receiving pensions; source income; medium-term macroeconomic projections; distribution of household; official poverty rate; absolute poverty line; appropriate mitigation measures; source of income; economic shock; household income

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Citation

Poverty and Welfare Impacts of COVID-19 and Mitigation Policies in Georgia (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/456501608095974011/Poverty-and-Welfare-Impacts-of-COVID-19-and-Mitigation-Policies-in-Georgia