Latin American Poverty Levels Fall To Lowest in Two Decades

[Judi Lynn]

Latin American Poverty Levels Fall To Lowest in Two Decades
Thursday, 1 December 2011, 12:30 pm
Press Release: UN News
Latin American Poverty Levels Fall To Lowest in Two Decades, UN Report Finds

New York, Nov 30 2011 - Poverty rates in Latin America have dropped to their lowest levels in 20 years, according to a new United Nations report which highlights public spending levels as one of the key factors that has allowed the continent to continue to grow despite the global economic crisis.

Between 1990 and 2010, the poverty rate decreased from 48.4 per cent to 31.4 per cent, while the rate of indigence – or extreme poverty – fell from 22.6 per cent to 12.3 per cent.

The decline in both rates is mainly due to an increase in wages, according to the latest report by the Economic Commission for Latin America and the Caribbean (ECLAC). Public money transfers were also a contributing factor, but to a much lesser extent.

~snip~
The report reveals that public spending, and in particular social expenditure, received a significant boost in most countries over the past 20 years.

More:
http://www.scoop.co.nz/stories/WO1112/S00021/latin-american-poverty-levels-fall-to-lowest-in-two-decades.htm

[ocpagu]

1. That's great news!

Couldn't find anything about that in Brazilian media.

Thank you Judy!

[Judi Lynn]

2. I'll bet you'll see it soon. The report seems to be only released in the very recent past.

so it hasn't been out long.

I've seen articles occassionally about important social spending done by Lula. I'll be keeping my eyes open more for more information. It's great encouragement for the whole world to see such important progress being made for the masses, instead of the wealthy power-grabbing right-wing scum.