The BBC reported that “More than 56 million people have been lifted out of poverty in Latin America and the Caribbean in recent years, according to the United Nations Development Programme (UNDP).
“A new UNDP report says poverty levels in the period from 2000-2012 fell from 41.7% to 25.3% of the population.”
While the BBC reported that progress was uneven, a 16% decrease in poverty in 12 years is staggering. When I think of dramatic poverty reduction in recent years, China and India first come to mind. Progress in many African countries also stands out. Yet Latin America’s unheralded improvements are remarkable.