Can Latin America Regain Momentum in Fighting Poverty?
Despite significant progress, the region has seen a slowdown in poverty reduction. A set of key public policies can help, writes a World Bank economist.
Latin America and the Caribbean has made undeniable progress in eradicating poverty in this century. In the early 2000s, about half of the region’s inhabitants lived in poverty, meaning in households with a per capita income of less than $6.85 per day (measured in 2017 dollars). Today, the proportion of people considered poor has decreased substantially—one in four citizens in the region lives in poverty—despite major macroeconomic shocks, climate disasters, and a global pandemic. While the advance is commendable, it’s not enough. Looking at the data in the World Bank’s Regional...
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