Top PDF Role of Pakistan poverty alleviation fund's micro credit in poverty alleviation: a case of Pakistan

Role of Pakistan poverty alleviation fund's micro credit in poverty alleviation: a case of Pakistan

Role of Pakistan poverty alleviation fund's micro credit in poverty alleviation: a case of Pakistan

A few studies have also been conducted to quantify the impact of microfinance on poverty alleviation. Hulme and Mosley (1996), for instance, based on the counter factual combined approach, analyzed the impact of microfinance on poverty alleviation using sample data for Indonesia, India, Bangladesh and Sri Lanka and found that growth of income of borrowers always exceeds that of control group and that increase in borrowers income was larger for better-off borrowers. Similarly MkNelly et al. (1996) found positive benefits for the borrowers. Khandker (1998), based on double difference comparison between eligible and ineligible households and between program and control villages, focusing on Grameen, Bangaladesh and Bangaldesh Rural Advancement Committee (BRAC), found that microcredit alleviated poverty up to 5 percent annually. Furthermore, it was found that a loan of 100 taka to a female borrower, after it is repaid, allows a net consumption increase of 18 taka. For Thailand village banks, Coleman (1999), using the same approach as that of Khandker (1998), found no evidence of any impact of micro finance. Another study by Coleman (2004), found that programs are not reaching the poor as much as they reach relatively wealthy people. Khandker (2003), found that microfinance helps to reduce extreme poverty much more than moderate poverty, i.e. 18 percentage points as compared with 8.5 percentage points over seven years. Welfare impact is also positive for all households, including non-participants, as there were spillover effects.
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The Role of Islamic Microfinance in Poverty Alleviation: A Case of Esaar Microfinance Program of Helping Hand for Relief and Development (HHRD)-Pakistan

The Role of Islamic Microfinance in Poverty Alleviation: A Case of Esaar Microfinance Program of Helping Hand for Relief and Development (HHRD)-Pakistan

This theoretical study shows that Islamic microfinance has a significant role in poverty alleviation strategies. While conventional microfinance products have been successful in Muslim countries, Muslims/beneficiaries are not much satisfied with these products because of interest (Riba) which is prohibited in Islam. Although taking an impression of Islamic microfinance in Muslim countries, this Study commences a case of Esaar Microfinance program of HHRD, an Islamic microfinance Program operating in Pakistan. Critical financial analysis of Esaar Microfinance program shows that it is providing services for all the poor according to the three different classifications: Abject poor, below the poverty line, at the poverty line and Interest free loans, is operating through three different modes, i.e., Murabaha, Mudaraba, and Qard-e-Hasan. Islamic Microfinance can be used as a powerful tool to trim down the poverty of Muslims as well as other communities. It recommends that linkages of institution NGOs (Non Government Organization), NPOs (Non Profit Organization) and RSPs (Rural Support Programs) with the specialized resource mobilization institutions and capacity building centers will enhance the financial stability of organizations and will be supportive to achieve the targets of providing Islamic microfinance services to the poorest of the poor under the umbrella
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Ensuring the Role and Impact: Reaching the Poorest While Alleviating the Poverty by Micro Finance in Dera Ismail Khan KPK Pakistan

Ensuring the Role and Impact: Reaching the Poorest While Alleviating the Poverty by Micro Finance in Dera Ismail Khan KPK Pakistan

Investment:Investment had insignificant impact p=0.833(Table 4)on poverty alleviation. The correlation of investment with poverty alleviation was very weak at r= -0.58(Table 3). The micro finance received had been invested for inappropriate purposes. The cost and benefit analysis was not appropriate. This consists of all those investments in the study area that provided outputs deemed by the society to be basic needs. In such cases, the advantages of investment were self evident and did not need to be measured in financial terms. The only relevant consideration in such a case was choosing the least cost method of meeting a given need.
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Role of Micro Finance Bank on Poverty Alleviation: A Case Study of Larkana

Role of Micro Finance Bank on Poverty Alleviation: A Case Study of Larkana

A literature review sheds light on the research on the topic previously conducted, helping us consider the effect of little progress on reduced need. Chandarsekar, Parkash & Mayoux (2001 ) found that microfinance has unbelievable consequences and a positive commitment to women, youth training, welfare and other financial aspects of the poor network. In his study, Hossain (2012 ) concluded that microfinance decreased Pakistan's destitution rates. It was found to be a growth of pay and consumption in the general population which acquired credit from the bank following the use of the advance. Imai et al . , ( 2010) collected information from 99 countries and used recurring investigations to monitor the destitution level effect of microfinance. They find that the microfinance complot reduces the degree of need. Remenyi (1991) considered the credit arrangement to be the most incredible tool to combat necessity. We concluded that the poor had nothing to make financially secure advances. Further comparative outcomes were closed by Meyer (2002). His exploration in Asian nations assumed that all the constructional outcome of microfinance was based on the instruction and payment of poor families but the population and nation measurements also differ. Several reports indicate that the positive effects of microfinance fraud on the lives of the poor are significant. Alhassan and Akudugu (2012) talked regarding microcredit projects being able to render misfortune, but because of specific limitations, which do not enable the transformation of an auxilial condition, they were unable to demonstrate a significant impact on women 's monetary status. Rahman (2010), revealed that the moral and good standards of the poor were not of any importance to all working MF organizations in Pakistan. The cash collected is usually spent, for example, on the marriage of their youth and on the establishment of houses. Legitimate supervision is thus required to generate a sense of positive values and good attributes and to analyze them and use developments merely and obtain exercises. Abbas (2005) envisaged and observed wage output and destitution by repeated and interconnection strategies reduces small-scale fund jobs. The observation evidence showed that miniaturized scales have a positive effect on pay and the smooth use gave it a sound effect. Microfinance is used in the most appropriate ways to reduce network need.
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The Role of Micro credit and Micro Finance Institutions (MFIs) - Extent and Intensity of poverty, poverty alleviation and Outreach

The Role of Micro credit and Micro Finance Institutions (MFIs) - Extent and Intensity of poverty, poverty alleviation and Outreach

Micro finance is recognized as an effective tool to fight poverty by providing financial services to those who do not have access to or are neglected by the commercial banks and financial institutions. Financial services provided by micro finance institutions (MFIs) generally include savings and credit. According to an estimate, currently 67.61 million people around the world have access to micro financing. This number is expected to grow steadily in the future since the target is to reach 100 million poor people with credit by the end of the year 2015. The main features of the micro credit institution which differentiate it from other commercial institutions are, it is (1) a substitute for informal credit; (2) generally requires no collateral; (3) have simple procedures and less documentation; (4) mostly group lending; (5) easy and flexible repayment schemes; (6) financial assistance of members of group in case of emergency; (7) the most deprived segments of population are efficiently targeted, and the last but not least is (8) groups interaction with each others. The major objectives of micro credit schemes are: (1) to stop exploitation of the poor caused by expensive informal credit; (2) to provide small loans to poor people at relatively lower cost as compared to accessible informal loans; (3) to finance economically and socially viable projects those cannot be financed otherwise; (4) to empower women within households as decision makers and in society through active economic participation; (5) to create maximum employment opportunities; (6) to create self sufficient and self-employed people and the most importantly; and (7) to reduce poverty, accelerate growth and improve the living standards on sustainable basis.
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The Role of Micro Credit in Poverty Alleviation

The Role of Micro Credit in Poverty Alleviation

Microfinance is a key to fight with Poverty, the well-designed, socially and economically viable projects and programs can improve the incomes of the poor families and can move them out of the ditch of poverty. “there is an evidence that the level of income is due to the impact of a loan on a borrower’s income” as those with higher incomes can invest more and have a greater range of opportunities to invest and this credit schemes are more beneficial for the “middle and upper poor” people. However, when MFIs i.e. Grameen Bank and BRAC provided credit to middle and upper poor families, those families were able to increase their incomes and their assets. (Hulme and Mosley 1996)
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Microfinance and Poverty Alleviation Programmes in Nigeria -The Needed Paradigm Shifts

Microfinance and Poverty Alleviation Programmes in Nigeria -The Needed Paradigm Shifts

There is a need to clarify the functions of government-funded development banks like Nigerian Agricultural, Cooperative and Rural Development Bank (NACRDB), Bank of Industry (BOI), People’s Bank of Nigeria (PBN) and the privately-owned rural banks. The NACRDB should focus on financing agriculture and agro- allied industries, while BOI should concentrate on small and medium-scale enterprises. The People’s Bank of Nigeria and community banks should focus on micro small and medium-scale enterprises (MSMEs), including small loans to the very poor. Moreover, the ownership structure of the People’s Bank of Nigeria (PBN) should be redefined to give the government a minority shareholding. The currently pervasive urban-biased policies should be discarded. It has been shown that rural development has been held back in almost all developing countries by policies that favour industry over agriculture and over rural areas (Schiff and Valdes, 1992). The model in Figure 2 summarises the role of government and micro-credit institutions in the transformation of Nigerian rural communities. The government is expected to provide basic social and economic infrastructure (e.g. schools, health centres, roads, bridges, electricity and water). In fact these functions can be handled by a Rural Development Agency. The Central Bank of Nigeria (CBN) should create a Department of Rural Sector to collate, analyse and publish all relevant data for measuring outreach, self-sustainability and welfare impact of microfinance institutions (MFIs). The current Microfinance Regulatory Framework issued by the CBN should be reviewed based on the results of a bottom-top household survey in Nigerian rural communities.
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Sources and uses of micro-credit in poverty alleviation among fish farmers in Osun State, Nigeria

Sources and uses of micro-credit in poverty alleviation among fish farmers in Osun State, Nigeria

The analysis of the socio-economic characteristics of the sampled households (Table 1) showed that 79.3% of the respondents were male while 20.7% were female. The marital status showed that 7.4% of the respondents were single, 85.9% were married, 3.0% were widow and 3.7% divorced. The age distribution showed 3% under 30 years of age, 19.3% between 31 – 40 years, 25.9% falls between 41 – 50 years while 51.9% were 51 years and above. The educational status shows that only 3.7% do not have any form of education at all while 31.1%, 19.3%, 43.7% and 2.2% had primary, secondary, tertiary and quranic education respectively This is in line with the submission of Govinda (2008) that investment in education is an important key to break the cycle of poverty and UNESCO 2006 which affirms that Literacy is a key aspect of human development with important benefits for people’s livelihoods and capabilities, influencing their ability to access information and resources and to manage change. The literacy and numeracy abilities of fishing communities play a significant role in the management of aquatic resources as well as in the maintenance and diversification of livelihoods. The household size was grouped into small (1 – 5 members) 50.4%, medium (6 - 10 members) 37.8% and large (>10 members) 11.9% while the religious profile of the respondents showed 73.3% were Christians and 26.7% were Muslims. The other occupation engaged in the study area showed fishing as having 63.7%, hunting 1.5%, trading 19.8% and artisans 15%. The sources of microcredit used (Table 2) showed that cooperative society had the highest patronage with 37%, followed by commercial bank (20%), micro finance institution (17%), friends and relatives (11.9%) and rotational savings (5.2%).This is similar to the observation of Tietze et al
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NGOs, Micro-finance and Poverty Alleviation: Experience of the Rural Poor in Pakistan

NGOs, Micro-finance and Poverty Alleviation: Experience of the Rural Poor in Pakistan

Several NGOs in many countries (e.g. Bangladesh, India and Kenya) have succeeded in reaching the poorest of the poor by devising innovative strategies. These include the provision of small loans to poor people, especially in rural areas, at full-cost interest rates, without collateral, that are repayable in frequent installments. Borrowers are organised into groups, which reduces the risk of default. These are also effective mechanisms through which to disseminate valuable information on ways to improve the health, legal rights, sanitation and other relevant concerns of the poor. Above all, many micro-credit programmes have targeted one of the most vulnerable groups in society-women who live in household that own little or no assets. The provision of opportunities for self-employment to these women, have lead to the conclusion in case of many that studies such programmes have significantly increased women’s security, self-confidence and status within the household [HDC (1999) and Narayan (2000)].
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Social Enterprise Development oriented Poverty Alleviation and Sustainable Development of Relative Poverty Groups in Rural Areas

Social Enterprise Development oriented Poverty Alleviation and Sustainable Development of Relative Poverty Groups in Rural Areas

Firstly, all the employees in the agency are local people who speak same language and share same social, economic and cultural background with the members. This is not only the foundation to carry out all the publicizing and mobilization work, but also the premise to establish the micro-finance credit system. Secondly, the joint guarantee group consists of 4 to 7 households. To team up with who is completely up to their own choice. Since these households in the same village are all very familiar with each other, those bad-credit households would have been eliminated in the first place because the members in the same group should be able to face common risks and assume common responsibility. In addition, local customs also play important role when it comes to repayment. Thirdly, the director of the agency is usually those with high integrity in the village. The employee will take director’s opinion into consideration when choosing clients, which has further lower the risk. In personal guaranteed loan, it is required by CFPA that a co-borrower is needed besides the guarantee. The co-borrower can be spouse, siblings or other relatives.
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Conventional and Islamic Microfinance for Poverty Alleviation in Pakistan: Limits and Prospects

Conventional and Islamic Microfinance for Poverty Alleviation in Pakistan: Limits and Prospects

Out of fifty microfinance practitioners who are registered with ‘Pakistan Microfinance Network’ (PMN), nine are MFBs, thirty-three are MFIs, and eight RSPs. At the end of 2014, the microfinance industry had crossed the mark of 3 million borrowers (3.14 million) a first in the history of Pakistan (Pakistan Microfinance Review, 2015). Despite some serious growth challenges, microfinance growth has been accompanied by a corresponding growth in micro-savings and micro-insurance. The main challenges to microfinance’s growth include some macro-level factors such as the shortage of energy in the country, inconsistent interest rates fixation, and a trend of slow economic growth, serious threats to sustainability from the macroeconomic side like energy shortage, a consistent pattern of interest rate reduction and slow economic growth. Regarding the regulatory framework, one of the significant developments in regulations was the issuance of prudential regulations by the State Bank of Pakistan on June 10, 2014 3 . These regulations allow the microfinance banks to use formal clearing system which will greatly affect the mechanism of deposit mobilization. On the regularization front of the non-bank financial institutions, the Securities and Exchange Commission of Pakistan’ (SECP) headed the steering committee of all stakeholders including the State Bank of Pakistan (SBP). It is expected that the committee will finalize the regulatory framework by the end of 2015. Another important development on regulations is the enhancement of a ‘micro credit guarantee facility’ (MCGF) which allows the MFIs to get loans from commercial banks and can issue redeemable capital. In 2012, ‘microfinance credit information bureau’ (MFCIB) was established with the help of SBP, ‘Pakistan poverty alleviation fund
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THE ROLE OF ETHIOPIAN MICROFINANCE INSTITUTIONS IN POVERTY ALLEVIATION: THE CASE OF OROMIA CREDIT AND SAVING INSTITUTION

THE ROLE OF ETHIOPIAN MICROFINANCE INSTITUTIONS IN POVERTY ALLEVIATION: THE CASE OF OROMIA CREDIT AND SAVING INSTITUTION

Poverty is common problem of almost all developing countries. Ethiopia is one of those countries which have been experiencing its consequences. About 85% of its population is driving their livelihood form agriculture which is rain fed although the country export earnings and house hold consumption directly depend on the agricultural sector, it could not fully support the massive dependents in a sustainable way. To reverse the worsening poverty situation, the government has implemented new economic policy under SAP. One of the main aim of the policy is to support the household’s farm income and increase their capability to save for further investment activities and also finance micro enterprises. Hence this research will aim to explore the role of Oromia micro finance institute in combating poverty.
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Poverty Alleviation and Social Protection in Pakistan

Poverty Alleviation and Social Protection in Pakistan

The coverage of PP AF is currently limited, compared to the needs. That it did not so far had a significant impact on poverty alleviation in the areas of its operation appears to be supported by a study conducted by Gallup. Almost 60% of those surveyed did not experience any increase in their income. PPAF was established because of the encouraging experience of micro- enterprises loan of the World Bank distributed through Banker’s Equity Limited wherein loan was extended to successful ongoing enterprises. The extent to which PPAF can achieve such a primacy is difficult to determine. Micro credit is not generally targeted to the poor. However increased access to credit facilities for those with out collateral can serve as a powerful instrument for income generation and poverty alleviation, if lending rates are not inordinately high and entrepreneurial training is also included in the package. It may be of interest to note that the partner organizations of PPAF have not been able to cover all costs from interest income despite high interest rate charged from the borrowers.
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The Role Of Government In Poverty Alleviation And Rural Development

The Role Of Government In Poverty Alleviation And Rural Development

Available online: https://edupediapublications.org/journals/index.php/IJR/ P a g e | 3 2 6 6 The program gives assistance to the rural poor families to bring them above the poverty line by ensuring appreciable sustained level of income through the process of social mobilization and training. It is for many objectives. It not only provide employment opportunities during lean agricultural seasons but also in times of floods, draughts and other natural calamities. It also involves in Swarnjayanti Gram Swarozgar Yojana (SGSY), Sampoorna Grameed Rozgar Yojana (SGRY) and National Rural Employment Gurantee Act (NREGA) etc. NREGA aims to improving the livelihood security of the people in rural areas by guranteeding hundred days of wage employment in a financial year, to a rural household whose members volunteer to do unskilled manual work. The objective of the Act is to create durable assets and strengthen the livelihood resource base of the rural poor.
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Microfinance and Poverty Alleviation

Microfinance and Poverty Alleviation

borrowers and instead favor the “richer” poor who can afford to take out larger loans (Wright 2000:262; Simanowitz 2000). The second reason that microfinance may not reach the poorest of the poor is the pariah status of the very poor (Simanowitz and Walter 2002:36). Just as there are large divides in wealthy countries between the rich and poor, impoverished communities may have social segregation between the poor and the destitute. The destitute, also referred to as the very poor or the poorest of the poor, may be shunned from the rest of society. Sometimes it is discrimination from the “richer” poor that drives the destitute away from society, and consequently, away from MFI programs, but often it is the destitute who segregate themselves (Wright 2000:262; Simanowitz 2000; Simanowitz and Walter 2002:36). The very poor, who lack even basic needs, avoid contact with the rest of society out of shame. They may have lice or parasites, they may lack decent clothing, or they may simply be too embarrassed to display their extreme poverty in public. Simply put, microfinance is not always an attractive option to the very poor (Simanowitz 2000). A destitute family that struggles every day to survive will rarely have the energy to launch into an ambitious, business enterprise. The poorest of the poor can barely meet basic needs much less run an entire business and they lack the necessary education, management skills, and social networks (Simanowitz 2000; Garson 1997:7). The trouble is that if training were to be provided by the MFI it would cripple the ability of the institution to become financially sustainable (Robinson 2001:73).
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Re-defining Our Approaches to Extreme Poverty: An Attempt to Disrupting Contemporary Poverty Alleviation Approaches through Inspiration Economy Project- A Case Study

Re-defining Our Approaches to Extreme Poverty: An Attempt to Disrupting Contemporary Poverty Alleviation Approaches through Inspiration Economy Project- A Case Study

The paper provides a comparative review and analysis between the approaches of poverty and extreme-poverty solutions, emerging in literature and from Inspiration Economy Project Poverty Labs; carried over 3 years. The paper focuses on the differentiation that current “extreme poverty” elimination requires. Notably, the models were evaluated about the changes from different perspectives that influence directly or indirectly the quality of life of the poor, or proactively keep him away from the poverty line. More diagnosis of the challenges on how to deal with poverty mechanisms and constructs were reflected in different proposed approaches, as part of the paper discussion. The implications of the paper emphasis on future structural factors and especially with the emerging work of behavioural economics and inspiration labs. The recommendations are drawn based on the new different approaches shown to be of influence on the “extreme poverty” policies and their ways of empowerment.
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Institutional synergy program national urbanself empowerment (pnpm-mp) for poverty reduction (case study inthe city of semarang, central java, indonesia)

Institutional synergy program national urbanself empowerment (pnpm-mp) for poverty reduction (case study inthe city of semarang, central java, indonesia)

Human-centered development, saw human-being as citizens, as the main focus and the main source of development, seems to be viewed as an alternative strategy of community development that ensures complementarity with the development of other fields, especially in economics. As a stepping stone approach to the development is not bureaucratic and programs as well as projects designed and managed centrally, but programs and projects designed community or the community itself, based on their needs, their capabilities and broader than everything is mastery over resources and their own destiny which is the courage to commit to a worldwide directly by placing three central challenges of development: namely (1). Poverty reduction, (2). production capacity based protection of environmental resources,and (3). human empowerment through increased participation in the
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Microfinance and poverty alleviation

Microfinance and poverty alleviation

The target group of this study as earlier stated was the members of the Obazu Progressive Women Association, Mbieri Owerri Imo state in Nigeria. Owerri in Imo State was selected as a geographical region for studying the above mentioned research question. I could collate data from other areas, but I have chosen this area because it is one of the villages that rural women, which engage in such microfinance practices, live. I collated my empirical data through key informant interviews with some officials of the Obazu Progressive Women Association Mbieri, and also by using a more detailed questionnaire on their members. These people were selected because of their key role in the association. The purpose of using this method was to get individuals opinion about how the MF works among them and to get a deep understanding of MF and also explore the idea. Some other possible ways of getting data could be through participant observation where the researcher interacts with the people and gather data on interested topic. I also was opportune to visit some of the members in their various business places using such method.
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The Effectiveness of Islamic Microfinance Distribution on Microbusiness Owner\u27s Poverty Alleviation (Case Study: BMT Bina Masyarakat Purworejo)

The Effectiveness of Islamic Microfinance Distribution on Microbusiness Owner\u27s Poverty Alleviation (Case Study: BMT Bina Masyarakat Purworejo)

This study used qualitative and quantitative data. The qualitative data that were obtained were used to support the results of the study that was particularly done by using descriptive analysis Likert Scale. In the other hand, the quantitative data were used to give value to the indicators (or variables). Meanwhile, the proper analysis method to be applied in these data were paired sample t-test and Ordinary Least Square (OLS) model. Sample collection was conducted in this study by using purposive sam- pling method. This study was considered as a case study since the data collection was done by interviewing microbusiness owners in three sub- districts in Purworejo (Purwodadi, Kutoarjo, and Bruno). The business owners that acted as respondents in this study were them who receive murabahah financing from BMT Bina Masyarakat Purworejo. There were 828 customers of BMT Bina Masyarakat that received murabahah financ- ing with the funding platform less than 10 million rupiahs, and 98 cus- tomers were chosen to be respondents of the study.
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EXAMINING THE IMPACT OF SUSTAINABLE PROCUREMENT ON VALUE FOR MONEY AND POVERTY REDUCTION

EXAMINING THE IMPACT OF SUSTAINABLE PROCUREMENT ON VALUE FOR MONEY AND POVERTY REDUCTION

Licensed under Creative Common Page 185 The estimates give a summary for Panel Dynamic ordinary least squares. The results in Table above indicates that inflation and labour have no significant impact on poverty alleviation from 1990-2017 in the study areas. This result of inflation in this study consistent with a study investigated by Jeanneney and Kpodar (2011). Fischer (1993) stated that inflation is bad for growth and definitely will increase poverty. Cardoso (1992) also confirmed that inflation has no significance on poverty reduction in his study “Inflation and Poverty”. Again, a study by Otsuka, Estudillo, and Yamano (2010) confirm the results that labour has no significant impact on poverty alleviation and also goes contrary to that of (Hung, 2005).
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