Countries of Latin America and the Caribbean must continue to ratchet up stimulus to beat back the devastating economic impacts of the coronavirus pandemic, the UN agency ECLAC said in a report issued this week.
Many people in Brazil are struggling to cope with less pandemic aid from the government and jumping food prices, with millions expected to slip back into poverty. Brazil’s government, starting this month, halved the amount of its monthly emergency cash transfers to help Brazil’s poor withstand the hardship of the economic meltdown, down to 300 reais (US$54).
Nearly half of Argentina’s population was living in poverty in the second quarter, a sharp increase from last year, as the country’s longstanding economic crisis deepened due to the coronavirus pandemic, researchers estimated on Wednesday.
The global pandemic has hammered Argentina's economy, which is now expected to shrink around 12% this year, driving millions into poverty and leaving almost six out of every 10 children and adolescents below the poverty line, United Nations data show.
Middle classes in Chile are going through a complicated moment, with many slipping into poverty as long-established inequality was increased by the coronavirus pandemic and overall slowdown of the economy.
Argentina's government will begin to distribute food cards to low-income families beginning later this month as part of its anti-hunger program. Social Development Minister Daniel Arroyo announced during a live presentation of Argentine Plan Against Hunger the government reached an agreement with the Governor Jorge Capitanich from the northern province of Chaco to fight with hunger.
A third of Argentine homes and 40.8% of people were below the poverty line at the end of the third quarter according to the Social Debt Observatory from the Argentine Catholic University, UCA, which regularly releases the data.
It is not poverty that is driving Chile's middle class into the streets to join massive protests: it is debt, brought on by sky-high private health and education costs that have created an economic fragility many find unbearable.
The pastor's voice bellows through an old converted cinema in a rundown Buenos Aires barrio and hundreds of hands reach out in prayer. Though not a typical place of worship, Evangelical churches like this one are sprouting up all over Pope Francis' former archdiocese, as once staunchly Catholic Argentina battles an economic crisis that has plunged more than one-third of the nation into poverty.
Poverty in Argentina reached “35 per cent” so far this year, according to Argentine Catholic University (UCA), it was reported last week.