1945

Poverty and inequality in the context of the economic crisis

The year 2008 was the last of a six-year period in which poverty fell and inequality decreased. In 2008, poverty reached 33%, down 11 percentage points from 2002. Although sharply higher food prices caused the indigence rate to increase in 2008, it was two-thirds of 2002 levels. Poverty reduction was due mainly to a rise in average incomes, complemented by improvement in income distribution in several countries. Despite the gains, poverty levels in the region are still high and continue to affect women and children most of all.

Related Subject(s): Economic and Social Development
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