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Montevideo, September 27th 2023 - 16:14 UTC

Tag: extreme poverty

  • Tuesday, February 1st 2022 - 09:45 UTC

    Extreme Poverty in Latin America rises to 86 Million because of pandemic, ECLAC report

    Extreme poverty would have been around 1.8 percentage points higher, and overall poverty would have been 2.9 percentage points higher on average in 7 countries.

    In its annual report Social Panorama of Latin America, ECLAC estimates that the number of people living in extreme poverty rose by around 5 million between 2020 and 2021. The United Nations organization calls for moving towards universal, comprehensive, sustainable, and resilient social protection systems.

  • Tuesday, January 15th 2019 - 09:20 UTC

    The salary is tripled in Venezuela: Increases to 6 dollars

    The salary that will come into effect on Tuesday is equivalent to six dollars on the black market and economic analysts fear that it will lose its value in a few days.

    Nicolás Maduro ordered an increase of 300% of the minimum wage on Monday, the 26th time he makes an announcement of this kind during his term. Also, an increase in the petro cryptocurrency was decreed and the president highlighted the economic management of his government, which he said in his annual report helped to turn Venezuela into the country with “greater socioeconomic equality”.

  • Saturday, December 23rd 2017 - 10:14 UTC

    Venezuela's economy contracted a massive 16.5% in 2016, admits government

    It also classed 11.3% of the population as “extremely poor” in 2014, the last year the figures were available, up from 7.1% in 2012. Photo: AFP

    Venezuela's economy shrank a massive 16.5% in 2016, according to an official government filing to the US Securities and Exchange Commission (SEC). The oil-rich but impoverished country attributed the collapse to a contraction of 9.9% in the oil sector and 16.1% in the non-oil economy.

  • Tuesday, January 27th 2015 - 06:18 UTC

    Poverty reduction in Latin America stalls during 2014: totals 167 million

    Extreme poverty or indigence rose to 11.7% in 2013 from 11.3% in 2012, which supposes an increase of three million people raising the total to 69 million.

    Poverty affected 28% of Latin America’s population in 2014, revealing that its decline has stalled at around that level since 2012, while indigence rose to 12.0% from 11.3% during the same two-year period in an overall context of economic deceleration, according to projections from a study presented On Monday by the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile.

  • Wednesday, July 31st 2013 - 05:49 UTC

    In Mexico, Latam second largest economy over half the are catalogued as poor

    Last year 53.3 million our of 117.3m Mexicans were poor and 11.5 million lived in extreme poverty

    Poverty in Mexico, including extreme cases, decreased slightly between 2010 and 2012, reported the National Council for Evaluation of Social Development Policy. Official stats show that poverty in Mexico, Latam’ second largest economy went from 46.1% of the population in 2010 to 45.5% in 2012, while extreme poverty fell from 11.3% to 9.8%.