IDB forecasts an increase in extreme poverty from 12.1% to 14.6%

The Inter-American Development Bank (IDB) predicted a difficult recovery of the Latin American and Caribbean economy due to the debacle caused by the pandemic and announced that it would require new resources to face the emergency. The region will emerge from the crisis with higher indebtedness, poverty, and an increase in income inequality. Extreme poverty will jump from 12.1% to 14.6% due to the unemployment caused by the crisis, further deteriorating countries dependent on tourism and exporting raw materials.

Source: El Deber