From Gas to Cash

World Bank

From Gas to Cash

Autores

World Bank

Editor

Washington, DC

Descripción

Mozambique has enjoyed strong economic growth but poverty levels are still unacceptably high. Mozambique is now in a transition period with an opportunity to plan for how resource revenues can contribute to poverty reduction and inclusive growth. Any policy to scale-up a cash transfer program will operate with a limited budget, meaning that decisions will need to be made on the optimal design choice in Mozambique. The objective of this policy note is to generate debate on implementing a scaled-up cash transfer in Mozambique’s future resource-rich environment, as part of a broader strategy to reduce poverty. The scope of this note is focused on distributing resource revenues through a scaled-up cash transfer program, and not the broader management of resource revenues. Section one discusses growth and poverty dynamics. Section two presents the existing social protection system. Section three discusses policy options for implementing a scaled-up cash transfer program using a simulation exercise to estimate poverty and welfare effects for a given fiscal envelope. Section four discusses how to address the risks of financing a scaled-up cash transfer program from resource revenues. Section five focuses on the practicalities of how the social protection system should be strengthened to implement scaled-up cash transfer program and the final section concludes.

Palabras clave

LIVING STANDARDS, PER CAPITA CONSUMPTION, POLITICAL ECONOMY ANALYSIS, CREDIT MARKETS, EXTRACTIVE INDUSTRIES, RISKS, HOUSEHOLD SIZE, POVERTY LINE, SUBSISTENCE, IMPACT ON POVERTY, ECONOMIC GROWTH, ACCOUNTING, LOCAL ECONOMY, OLD AGE, POLITICS, POVERTY LEVELS, INFORMATION SYSTEM, FOOD CONSUMPTION, INCOME, SCHOOLING, POVERTY RATES, AGRICULTURAL PRODUCTION, EMPLOYMENT OPPORTUNITIES, NATIONAL POVERTY LINE, GOVERNMENT REVENUES, OPTION, COUNTERFACTUAL, PAYMENT SYSTEM, HOUSING, POLITICAL ECONOMY, REVENUES, FOOD POLICY, FISCAL POLICY, NATIONAL POVERTY, HOUSEHOLDS WITH CHILDREN, POOR PEOPLE, POVERTY GAP INDEX, TAX, NATIONAL POVERTY RATE, CASH TRANSFER, INCOME TAX, SOCIAL ASSISTANCE, BENEFICIARIES, CONFLICT, MEASURES, PENSION, REGION, POVERTY REDUCTION, BUDGET, LABOR MARKET, CASH TRANSFER SCHEME, SAVINGS, RURAL HOUSEHOLDS, DISTRIBUTION OF BENEFITS, FOOD POVERTY LINE, POOR HOUSEHOLD, POVERTY GAP, POVERTY REDUCING, FOOD PRICE, INCOME INEQUALITY, INFLATIONARY PRESSURES, OPTIONS, TRANSFERS, MARKETS, HOUSEHOLD INCOME, POVERTY MAPS, POOR INDIVIDUALS, HOUSEHOLD SURVEYS, SOCIAL SECURITY, SOCIAL PROTECTION, POOR BENEFIT, CASH TRANSFERS, POVERTY HEADCOUNT INDEX, BANK POLICY, ADMINISTRATIVE COSTS, EXPENDITURE, PEOPLE WITH DISABILITIES, UNEMPLOYMENT, INVESTORS, CONSUMPTION, BUDGET CONSTRAINT, HUMAN CAPITAL, FOOD SECURITY, FOOD POVERTY, CASH TRANSFER PROGRAM, REDUCTION IN POVERTY, SCHOOL ATTENDANCE, HIGHER INEQUALITY, FUTURE, RETURNS, CAPACITY CONSTRAINTS, VULNERABLE GROUPS, SAFETY NET, RURAL, OPPORTUNITY COSTS, IMPACT ON POVERTY REDUCTION, ANIMAL HUSBANDRY, MARKET, PUBLIC WORKS, HOUSEHOLD BUDGET, POVERTY SEVERITY, TRANSFER PROGRAMS, AGRICULTURAL ACTIVITIES, IDIOSYNCRATIC SHOCKS, TREASURY, FEMALE LITERACY, AGRICULTURAL INPUTS, INSURANCE, TARGETING, POOR POPULATION, WELFARE MEASURES, GOODS, SECURITY, WAR, INVESTMENT, REDISTRIBUTIVE POLICIES, EXTREME POVERTY, SHARE, RURAL AREAS, POVERTY, BENEFICIARY HOUSEHOLDS, HOUSEHOLD CONSUMPTION, REVENUE, AGRICULTURAL PRODUCTIVITY, INVESTMENTS, POVERTY DYNAMICS, CASH TRANSFER PROGRAMS, DECLINE IN POVERTY, DECLINE IN POVERTY RATES, POVERTY RATE, POOR, INSTRUMENT, FOOD PRICES, PUBLIC SPENDING, SELF-EMPLOYMENT, INCOME LEVEL, POVERTY ALLEVIATION, HUMAN DEVELOPMENT, INEQUALITY, INVESTING, POOR HOUSEHOLDS