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New CBMS Initiatives

New CBMS Initiative:Monitoring and Mitigating the Impact on Poverty of the Global Financial Economic Crisis


Given the current situation, it is very important to monitor the economic and social impact of the global financial crisis, especially on developing countries. This project, therefore, aims to assess the impact of the crisis on poverty in developing countries in Asia, Africa and Latin America. In particular, the impact at the household and community level will be analyzed using data on the different dimensions of poverty obtained from community-based monitoring systems being implemented in several countries. For instance, household welfare will be affected by a decrease in migrant remittances and other private transfers from abroad. It is also widely recognized that the poorest and the most vulnerable groups in the society are expected to be the hardest hit by the crisis. Although households could adopt some coping mechanisms in the short-run, some of their actions may have negative long-term consequences, especially on women and children.