Bank Says Extreme Poverty Likely to Rise in Region
More than 26 million people in Latin America and the Caribbean could fall into extreme poverty if food prices remain high, according to a new study by the Inter-American Development Bank.
Poverty will increase if wheat, rice and soybeans remain pricey and countries fail to boost local agricultural production and income to the poor, the bank said.
Costa Rica would need to transfer 0.99 percent of its GDP to the poor to avoid an increase in poverty. Nicaragua would have to transfer 3.72 percent of its GDP, while Chile would have to spend 0.19 percent.
You may be interested
Costa Rica immigration offices to remain closed until OctoberAlejandro Zúñiga - September 19, 2020
The Immigration Administration on Friday said its main and regional offices will remain closed until October due to the coronavirus…
Pic of the Day: Hopping into the weekendAlejandro Zúñiga - September 19, 2020
Happy weekend from all of us at The Tico Times! [caption id="attachment_62085" align="aligncenter" width="740"] (Courtesy of Brian Kubicki)[/caption] [caption id="attachment_111342"…
Top dental clinics in Costa Rica meet patient needs in the age of COVIDVayolla Quiros / Goodness Dental - September 18, 2020
The Centers for Disease Control and Prevention (CDC) released its guidelines for dental settings in response to the COVID-19 pandemic.…