Moderate Fall of Poverty Rate in Bolivia

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La Paz, Mar 22 (Prensa Latina) Poverty in Bolivia reached the lowest rate of the last 10 years, according to a Jubilee Bolivia Foundation”s report published by Cambio daily on Monday.

  The non-governmental organization reported that from 10 million people, there are about 6 million poor, three million of them extremely poor.

The Economic and Social Policy Analysis Unit (UDAPE) pointed out that the moderate poverty rate decreased from 66.4 to 59.3 percent in the 2000-2008 period.

According to that information, the extreme poverty dropped from 45.2 to 32.7 percent in the same period, which represents less than 12.5 percentage points.

Jubilee said that it is a relief that poverty rates are on downward trend, although it added that this will depend on it sustainability, development policies and the rise of activities to step up production and to generate jobs and income.

The executive signed in February a 20-million-dollar loan with the Inter-American Development Bank (IDB) to the first phase of the “Plan Vida” (Plan Life) that aims to eradicate extreme poverty.

That program has already begun in Potosi, Cochabamba and Pando, contributing with more than two million families.

Source: Presa Latina

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One Response to “Moderate Fall of Poverty Rate in Bolivia”

  1. Latin America Round Up « Zein Times Says:

    […] Moderate Fall of Poverty Rate in Bolivia (Bolivia) […]

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