1945

Progress towards the poverty reduction target for 2015

The poor economic performance of the Latin American countries over the past biennium has reduced their chances of meeting the target of halving extreme poverty by 2015. The region’s per capita output would have to expand at an annual rate of 2.6% for the next 13 years in order to meet the relevant Millennium Declaration goal, if income distribution remains essentially unchanged throughout the period. Although the target now looks further off than it did in 2000, it may nevertheless still be achieved in a number of countries in the region, if they are able to regain growth rates comparable to their best performances of the 1990s.

Related Subject(s): Economic and Social Development
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