World Bank Reports Chronic Poverty Affects 130 Million Latin America Residents Latin American Herald Tribune
go to original March 12, 2015

Chronic Poverty in Latin America (Latin America and the Caribbean)

Chronic poverty affects 130 million residents of Latin America and the Caribbean, who live on less than $4 per day, despite the economic growth achieved by the region over the past decade and the efforts to facilitate access to the labor market, a World Bank report said this week.

The study entitled “The Forgotten: Chronic Poverty in Latin America and the Caribbean” by Renos Vakis, Jamele Rigolini and Leonardo Lucchetti reveals that one-fifth of Latin Americans have lived in poverty for their entire lives and that there are significant variations in the poverty rate within countries.

In 2004, the percentage of poor in Latin America stood at 44.9 percent, while by 2012 that figure had declined to 25.7 percent.

Read the rest at Latin American Herald Tribune

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