Extreme poverty rising in Latin America­ — UN
Jose Manuel Salazar-Xirinachs

SANTIAGO, Chile (AFP) — Extreme poverty is likely to affect 82 million people in Latin America in 2022, an increase spurred by a slow pandemic recovery and high inflation, the UN economic commission for the region said Thursday.

"It has not been possible to reverse the impacts of the pandemic in terms of poverty and extreme poverty," said Jose Manuel Salazar-Xirinachs, executive secretary of the UN Economic Commission for Latin America and the Caribbean (ECLAC).

The figure represents 13.1 per cent of the region's population, an increase from 12.9 per cent in 2021.

Overall, 12 million more people are facing extreme poverty since 2019, before the novel coronavirus pandemic.

Salazar-Xirinachs pointed to a "cascade of external shocks", namely a slowdown in economic growth, the weak recovery of the jobs market, and rising inflation.

The Santiago-based UN body said the extreme poverty figures were a "setback of a quarter of a century" for the region.

In October, the agency predicted higher-than-expected growth of 3.2 per cent in the region. However, this is expected to halve in 2023 with a projected growth of 1.2 per cent.

The UN body also highlighted the severe consequences the pandemic had on education in Latin America and the Caribbean, with an average of 70 weeks of school closures compared to 41 weeks elsewhere in the world.

The number of youth aged 18-24 who are not studying or working rose from 22.3 per cent in 2019 to 28.7 per cent in 2020.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at https://bit.ly/epaper-login


  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Which long-term investment option is more attractive to you at the moment?