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Peru: Poverty rate to drop to 18% by 2021

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11:22 | Lima, Apr. 30.

Peru's economic growth will reduce poverty rate by 3.7 percentage points by 2021 thus standing at 18%, Economy and Finance Ministry (MEF) projected Monday.

According to MEF, this will happen if the Inca country's economy maintains a sustained growth, within the framework of the current administration's goal of reaching a 5% growth towards 2021.

Based on National Institute of Statistics and Informatics' (INEI) figures, 21.7% of Peruvians lived in poverty in 2017.

This implies that the monthly per capita expenditure of nearly seven million people was below S/338 (about US$104) per month.

It must be noted this amount corresponds to the basic consumption basket of 2017.

As is known, President Martin Vizcarra —last week— urged Peruvians to join efforts and work collectively with the purpose of tackling poverty in the Inca country.

(END) RGP/RGP/JAA/MVB

Published: 4/30/2018
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