– It has not been possible to reverse the effects of the pandemic in terms of poverty and extreme poverty, says leader Jose Manuel Salazar-Xirinachs of the UN Economic Commission for Latin America and the Caribbean (ECLAC).
On Thursday, they published their poverty report for Latin America. It shows that 13.1 per cent of the region’s population in 2022 will live in extreme poverty. In 2021, the proportion was 12.9 per cent.
A slowdown in economic growth, a difficult labor market and rising inflation are pointed to as the reason why so many Latin Americans are now struggling. In addition, there are the economic consequences of the pandemic.
The UN body also highlighted the serious consequences the pandemic had for education in Latin America and the Caribbean. Schools in the region were closed for an average of 70 weeks as a result of the corona outbreak, compared to 41 weeks elsewhere in the world.
The number of young people aged 18–24 who do not study or work also rose from 22.3 per cent to 28.7 per cent in 2020.
Since the pandemic, 12 million more Latin Americans have been driven into extreme poverty, according to the report.