Abstract
Global experience with pro-poor growth and empirical work spanning India, Benin and Malawi demonstrates the importance of agricultural expenditure for poverty reduction in poor rural areas, while also pointing to the need for complementary non farm sector growth. This paper proposes a simple methodology to estimate the agricultural spending that will be required to achieve the Millennium Development Goal of halving poverty by 2015 (MDGs) in Zimbabwe. This method uses growth poverty and growth expenditure elasticities to estimate the financial resources required to meet the MDGs. The paper attempts to address a key knowledge gap by improving estimation of first MDG agricultural expenditure at country level.
Highlights
World Bank report (2004) reiterated that poverty has fallen rapidly over the past 40 years, but at different rates around the world
Unless otherwise specified all the data will be drawn from the Central Statistics Offices (CSO), Ministry of Finance (MOF) and Ministry of Agriculture (MOA) of Zimbabwe
It shows that poverty generally increased from 1980 to 2003 which means that the standard of living or Zimbabweans has been falling over the period
Summary
World Bank report (2004) reiterated that poverty has fallen rapidly over the past 40 years, but at different rates around the world. Using the poverty line adopted by the International Development Targets, that is the number of people with incomes under US$1 per day, (DFID, 1999) estimate that there were around five million poor people in Zimbabwe which was around 40% of the total population. Given this scenario, it is imperative to determine the expenditure options between agricultural and non agricultural expenditure necessary to meet the first MDG goal, which is to half poverty by half by 2015
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