UNDP says poverty on the decline in the Caribbean
The United Nations Development Programme (UNDP) has disclosed that poverty is on the decline in the Caribbean and Latin America.
In launching its latest report to complement global analysis on vulnerability and resilience that was presented in Japan, the UNDP said more than 56 million people have been lifted out of poverty in Latin America and the Caribbean in recent years.
In assessing 18 countries in the region, the report said poverty levels from 2000-2012 fell from 41.7 per cent to 25.3 per cent of the population.
But despite the progress, it warned that about 200 million people, or 37.8 per cent of the population, remained vulnerable.
"In Latin America and the Caribbean, poverty has been reduced by almost half in the last decade, and the middle class rose from 22 per cent of the population in 2000 to 34 per cent in 2012," said Jessica Faieta, UNDP director or Latin America and the Caribbean.
"Despite these achievements, a very high share of the population is living in constant uncertainty. They are neither classified as living in poverty, nor have they gained access to a stable middle class status."
According to the report, people living on between four and 10 US dollars a day increased by 3.4 per cent between 2000 and 2012.
The report, however, said more than a third of people in the region remained vulnerable, like these living in a slum in Peru, according to the BBC.