Pension 65 announced that it will increase its bimonthly subsidy A S/350 in 2025. In this way, the Social Program assigned to the Ministry of Development and Social Inclusion (MIDIS) seeks to benefit more than 824,000 users who currently do not receive a retirement pension, which will improve their quality of life. The increase of […]
Tag: extreme poverty
Government announces bi-monthly cash transfer for urban households in extreme poverty
New subsidy. More than 70% of Peru’s poor live in urban areas: in the case of extreme poverty, it rose from 1% in 2019 to 3.2% in 2023. 45% of this population is in cities. Join the Whatsapp channel The government of President Dina Boluarte announced a bi-monthly cash transfer for households living in extreme […]
Sisfoh 2024: what to do if I do not appear on the official register of households in poverty?
Know what steps to follow if you do not appear in the official register of households in poverty prepared by Sisfoh in 2024. Join the WhatsApp channel The Household Targeting System (Sisfoh) is a fundamental tool of the Ministry of Development and Social Inclusion (Midis) to identify households in situations of poverty and extreme poverty. […]
BCRP reduced its interest rate: what does it mean and how does it affect your pocket?
The Board of Directors of the Central Reserve Bank of Peru, headed by Julio Velarde, has decided to limit the interest rate to 5.75%. This change has left thousands of Peruvians wondering exactly what it means and how they can make the best of it. Given this, the economist, PUCP Finance Director and former Minister […]
Extreme poverty in Peru would be at worse levels than in the pandemic
After the presentation of the monetary poverty data for the year 2023 was announced with great fanfare, for this Thursday, May 9, by the National Institute of Statistics and Informatics (INEI), the same entity was responsible for suspending it until next week the results, “for reasons of force majeure.” However, sources close to the INEI […]
Poverty in Peru: World Bank places this indicator at 32.2% in 2022
According to the latest update from the World Bank, poverty in Peru, at the end of 2022, covered 32.2% of compatriots, while 39.4% of Peruvians were located in the line of vulnerability. The first indicator remains above three points compared to 2019 and the second above two points, also in reference to the pre-pandemic period. […]
Julio Mendigure: “Pensión 65 is ready to receive 61,000 members of ONP and AFP”
Pensión 65 will become the first program of the Ministry of Development and Social Inclusion (Midis) that will close its coverage gap. Its executive director, Julio Mendigure, is confident that the 819,000 beneficiaries they will reach in 2024 will allow them to increase the amount of their subsidies. This Sunday alone they added 184,000. On […]
When is a person considered poor and extremely poor in Peru?
The pandemic of COVID-19 raised the poverty figures in Peru due to the partial stoppage of the majority of economic activities. From that period to the present, considering the inflation of 2021 and 2022, the signs of an improvement to pre-pandemic levels are not the most encouraging. The data from the latest report from the […]
The cost of living crisis, the greatest global risk, according to a survey by the Davos Forum
The biggest challenges of the next two years will be Ukraine’s war-spurred skyrocketing cost of living and the economic reopening after the pandemic, according to a survey by the World Economic Forum (WEF) which meets every year in Davos (Switzerland). The cost of living crisis pushes millions of people into the extreme poverty and fuels […]
SNI: La Libertad is the third region with the highest level of poverty in the North Macroregion
The National Society of Industries (SNI) indicated that about 27% of the inhabitants of La Libertad are in monetary povertywhich makes them the third region with the highest level within the North Macroregion, where it affects 25.5% of the population on average. “La Libertad is a region with tremendous potential in industries that are intensive […]