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Thu Nov 29, 2012, 08:48 AM

ECLAC: Poverty and indigence escalate in Venezuela

http://www.eluniversal.com/economia/121128/eclac-poverty-and-indigence-escalate-in-venezuela

Poverty in Latin America slipped to 168 million people


According to the UN Economic Commission for Latin America and the Caribbean (ECLAC), based on information compiled until 2011, seven out of 12 countries in Latin America reported a drop in poverty. Conversely, Venezuela, among other countries, registered an escalation of poverty.

The downward trend was reported in Paraguay (-5.2 points), Ecuador (-3.7 points) Peru (-3.5 points), Colombia (-3.1 points), Argentina (-2.9 points), Brazil (-2.0 points in 2009-2011) and Uruguay (-1.9 points), ECLAC's Social Panorama of Latin America 2012 report indicated.

Likewise, such countries were reported to have brought indigence down.

For its part, Venezuela, however, reported a slight increase in poverty and indigence rates (up 1.7 and 1.0 percentage points, respectively). Meanwhile, no substantial changes were recorded in Chile, Costa Rica, Panama, and the Dominican Republic. Changes in poverty were below 1% per year in these countries.

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