With a level of Peruvian poverty above the average for Latin America and with inequality below the regional average, the challenges facing Peru are significant, highlights the representative of the World Bank, a multilateral entity that recently revised our GDP forecast to 2.0% for 2023. —How has the pandemic left Peru in terms of poverty? […]
Tag: poverty
World Bank: about 60% of households lack one or more basic services
Despite the notable contribution of Peruvian economic growth in reducing the poverty Over the last two decades, gaps in access to basic services such as water, internet, electricity and sanitation persist, according to the World Bank. With the pandemic, close to 60% of households do not have one or more of the essential services despite […]
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 […]
World Bank: 1.4 million Peruvians fell into the bowels of poverty in 2022
The World Bank estimates that, at the end of 2022, 31.8% of the Peruvian population is poor —a third of the total, considering that there are 10 million 812,000 people. Although in the coming days he will give the specific figure on the poverty ratio for the third year of the pandemic, he specified that […]
Satellites, a solution for the digital desert in the poorest countries
Only a third of the inhabitants of the world’s poorest countries are connected to the Internet, an agency of the Internet said on Sunday. UNat a time when private initiatives are being developed to provide connection through satellites. Only 36% of the 1.250 million inhabitants of these 46 States, known as Least Developed Countries (LDCs), […]
Government announces plan to reduce poverty in the country
Target set. Of the 8.5 million poor people left behind by the pandemic, with the National Development and Social Inclusion Policy, the indicator would drop to about 5.2 million. Executive assures that they will not only focus on economic needs. The COVID-19 caused Peru to go back 10 years in terms of the fight against […]
Economic development, an illusion for poor countries
Then many things happened. From Buenos Aires to Mexico City, governments have given a 180-degree turn to half a century of statist and introspective economic policy. They cut budgets, sold public companies, and opened up to trade and foreign capital. Mexico tied its economy to the United States through NAFTA. Brazil and Argentina said “yes” […]
Saki Bigio: “I think we can raise marginal taxes [a los ricos en el Perú]”
![Saki Bigio: “I think we can raise marginal taxes [a los ricos en el Perú]”](https://i0.wp.com/larepublica.cronosmedia.glr.pe/original/2023/02/09/63e54b595c3d260e2f4b7cb1.jpg?fit=%2C&ssl=1 "Saki Bigio: “I think we can raise marginal taxes [a los ricos en el Perú]”")
The IMF recently pointed out that the rich in Latin America should pay their fair share of taxes. Along these lines, the economist Saki Bigio commented that there is indeed tax evasion, but at the level of all income. The first week of February 2023, the International Monetary Fund (IMF) pointed out that Latin America […]
Daniel Barco: “We project a rate of 2.6%, but we will probably have to review it”
The World Bank’s senior economist in Peru assures that “political volatility materializes downside risks in the Peruvian economy.” From the World Bank they describe the virtues and complications of our market in the midst of a sociopolitical crisis, in a year where the economy weighed down by external and internal attacks, it would grow less […]
Latin America: Extreme poverty reached its highest level in 25 years
Impact. Inflation and the global slowdown in 2022 hit neighboring economies hard, including Peru. Likewise, ECLAC warns that these figures will not drop in 2023. The countries of the Latin American continent begin 2023 with complicated and uncertain forecasts, after leaving a year marked by a strong inflation and a global crisis caused by the […]