Friday, May 29, 2020

Mexico would be the country with the greatest impact on extreme poverty in 2020 by COVID-19: Cepal

Mexico would have an increase of 4.8 percentage points in levels of extreme poverty, compared to the previous year, according to a Cepal projection. Mexico would be the country with the greatest impact in terms of extreme poverty derived from the health crisis caused by the new coronavirus, according to the Economic Commission for Latin America and the Caribbean (Eclac). Mexico would have an increase of 4.8 percentage points in the levels of extreme poverty, compared to the previous year, that is, it would go from 11.1 percent to 15.9 percent of the population in this situation. The projection made by ECLAC on the increase in levels of extreme poverty in Mexico did not consider the measures announced by local governments to mitigate the impact of the contingency by COVID-19. “Here we are going to see that extreme poverty is likely to decrease a little in relation to the projections we have made because many of the measures are aimed exactly at extreme poverty,” said Alicia Bárcena, leader of the organization, during the third report. Special on COVID-19 in the region. ECLAC estimates an annual increase of 15.9 million people in conditions of extreme poverty, “in such a way that we are going to move 83.4 million people, that is, 13.5 percent more of the population,” said Bárcena. Other countries that stand out in this projection are: Argentina, Bolivia and Colombia. As part of the presentation of the Special Report on COVID-19 in the region, Cepal proposed that the governments of the area guarantee immediate monetary transfers for the most vulnerable population in the form of a Basic Emergency Income (IBE). “An emergency basic income is the ECLAC proposal for the short term, for a duration of six months equivalent to a poverty line of 143 dollars in 2010 and reaching 34.7 percent, equivalent to 215 million people in situation of poverty in the region, ”said Alicia Bárcena, executive secretary. The IBE will help meet basic needs and sustain household consumption, which will be crucial to achieving a solid and relatively rapid recovery, the directive explained in the videoconference to present the third report on the effects of COVID-19 in Latin America. .

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