Hope for poverty reduction in Peru

Peru’s Prime Minister Jorge del Castillo yesterday announced that half a million Peruvians have “escaped from the shadow of poverty” thanks to the country’s sustained economic development.

He stated that the country’s overall level of poverty has dropped from 48% to 44% of the population, while recognizing that some regions are harder hit – for instance, 88% of people in Huancavelica region live below the poverty line.

To help address this problem, which is shared by neighboring Andean regions such as Ayacucho, he announced a new law that relaunches Agrobank, a state-run entity that offers credit to small-scale farmers to help them develop their income.

Peru defines poverty as the economic inability to maintain an adequate food intake.

2 Responses

  1. Sir,
    I am B.Com Graduate now working in a Tax Consultant as a Jr. Accountant from last six months. But i want a better job than that.Kindly informed me on my Mobile No.-9437468619

  2. I leave in Bellflower California USA and I am glad that the level of poverty in Peru has dropped from 48% to 44% this is a sign of recovery.
    Thank you to Agrobank for help the small business with the loans.
    I whish success and prosperity to Peru.

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