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Thu Apr 8, 2021, 01:55 AM

The pandemic's devastating impact on poverty in Colombia


by Adriaan Alsema April 7, 2021

The coronavirus pandemic made Colombia’s poverty rate one of the highest in South America, according to the United Nations.

The UN’s Economic Commission on Latin America and the Caribbean (ECLAC) estimated that by the end of last year 37.5% of Colombia’s population lived below the poverty line, making it the country with the highest poverty rate in Latin America.

The ECLAC’s estimate is more optimistic than that of the government’s National Planning Department, which estimated poverty had reached 42%.

The World Bank and economic think tank Fedesarollo were considerably more pessimistic, estimating a poverty rate of respectively 45% and 47%.

More:
https://colombiareports.com/the-pandemics-devastating-impact-on-poverty-in-colombia/

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