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.