Social Panorama of Latin America 2014

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Poverty in Latin America: achievements so far and challenges ahead

As noted in Compacts for Equality: Towards a sustainable future (ECLAC, 2014c), the countries of Latin America and the Caribbean are currently faced with the challenge of maintaining the significant progress made in reducing poverty and unemployment and consolidating the initial steps taken to improve income distribution by strengthening democracy, achieving macroeconomic stability and implementing social policies. Attempts to shore up and go beyond this progress would appear to be constrained by certain limitations which have halted or slowed the reduction of poverty and indigence and the improvement of income distribution, especially following the global financial crisis of 2008, as will be shown in the first and the second chapters of this document.

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